Norges Bank bought a new position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 952,219 shares of the company's stock, valued at approximately $108,991,000. Norges Bank owned 1.64% of Post at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its stake in shares of Post by 6.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company's stock valued at $194,000 after buying an additional 103 shares during the period. Savant Capital LLC grew its position in Post by 3.8% during the fourth quarter. Savant Capital LLC now owns 3,023 shares of the company's stock valued at $346,000 after acquiring an additional 110 shares during the period. Truist Financial Corp increased its stake in Post by 4.2% during the fourth quarter. Truist Financial Corp now owns 2,781 shares of the company's stock worth $318,000 after acquiring an additional 113 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Post by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 7,408 shares of the company's stock worth $857,000 after purchasing an additional 157 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Post by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,450 shares of the company's stock worth $738,000 after purchasing an additional 160 shares during the period. 94.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Piper Sandler increased their price objective on shares of Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.
Check Out Our Latest Research Report on Post
Insider Activity
In related news, Director David W. Kemper sold 8,939 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total value of $989,994.25. Following the completion of the transaction, the director now owns 29,722 shares of the company's stock, valued at approximately $3,291,711.50. This represents a 23.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $229,180.00. Following the sale, the senior vice president now owns 8,741 shares in the company, valued at $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 over the last ninety days. Corporate insiders own 11.40% of the company's stock.
Post Stock Up 2.0 %
Post stock traded up $2.29 during midday trading on Thursday, hitting $118.04. 888,042 shares of the company were exchanged, compared to its average volume of 526,767. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. Post Holdings, Inc. has a fifty-two week low of $99.62 and a fifty-two week high of $125.84. The company's fifty day moving average price is $111.85 and its 200-day moving average price is $112.75. The company has a market cap of $6.67 billion, a PE ratio of 19.45 and a beta of 0.65.
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, beating the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. On average, research analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.
Post Profile
(
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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