Legal & General Group Plc trimmed its holdings in Post Holdings, Inc. (NYSE:POST - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,028 shares of the company's stock after selling 8,483 shares during the period. Legal & General Group Plc owned 0.13% of Post worth $8,588,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of POST. Aristides Capital LLC grew its stake in Post by 59.9% in the 4th quarter. Aristides Capital LLC now owns 3,031 shares of the company's stock valued at $347,000 after buying an additional 1,136 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Post during the 4th quarter valued at $213,000. Russell Investments Group Ltd. boosted its holdings in Post by 49.9% in the 4th quarter. Russell Investments Group Ltd. now owns 19,347 shares of the company's stock valued at $2,215,000 after purchasing an additional 6,442 shares during the period. Envestnet Asset Management Inc. grew its position in Post by 5.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 269,246 shares of the company's stock worth $30,818,000 after purchasing an additional 15,020 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Post in the fourth quarter valued at about $984,000. Institutional investors own 94.85% of the company's stock.
Insiders Place Their Bets
In other news, CAO Diedre J. Gray sold 15,157 shares of Post stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the sale, the chief accounting officer now directly owns 19,325 shares of the company's stock, valued at approximately $2,237,835. This trade represents a 43.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of Post stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total transaction of $229,180.00. Following the sale, the senior vice president now owns 8,741 shares in the company, valued at approximately $1,001,631.19. This represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock worth $4,129,355 in the last quarter. 11.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on POST shares. Wells Fargo & Company raised their price objective on shares of Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Piper Sandler lifted their price objective on Post from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $127.50.
Check Out Our Latest Report on POST
Post Stock Down 0.7 %
Shares of POST traded down $0.77 on Thursday, hitting $114.75. The company's stock had a trading volume of 47,116 shares, compared to its average volume of 543,781. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 18.89 and a beta of 0.52. The firm's fifty day moving average price is $114.29 and its 200-day moving average price is $112.84. Post Holdings, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $125.84.
Post (NYSE:POST - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. On average, equities research analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current year.
Post Company Profile
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Free Report)
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.
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