Nomura Asset Management Co. Ltd. Cuts Holdings in Post Holdings, Inc. (NYSE:POST)

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410 shares of the company's stock after selling 6,000,000 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Post were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in POST. Norges Bank acquired a new position in Post during the fourth quarter worth $108,991,000. Hennessy Advisors Inc. acquired a new position in shares of Post during the 4th quarter worth about $56,864,000. Raymond James Financial Inc. purchased a new position in Post in the 4th quarter valued at about $36,751,000. National Bank of Canada FI boosted its holdings in Post by 2,907.7% in the 3rd quarter. National Bank of Canada FI now owns 68,125 shares of the company's stock worth $7,885,000 after buying an additional 65,860 shares during the last quarter. Finally, EULAV Asset Management increased its stake in Post by 23.3% during the 4th quarter. EULAV Asset Management now owns 203,000 shares of the company's stock worth $23,235,000 after buying an additional 38,400 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Post Trading Down 0.5 %

Shares of NYSE POST traded down $0.54 during midday trading on Friday, reaching $117.51. 2,036,638 shares of the stock were exchanged, compared to its average volume of 532,661. The stock has a market capitalization of $6.64 billion, a P/E ratio of 19.36 and a beta of 0.65. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. The company has a 50 day simple moving average of $112.28 and a 200 day simple moving average of $112.80. Post Holdings, Inc. has a twelve month low of $99.62 and a twelve month high of $125.84.

Remove Ads

Post (NYSE:POST - Get Free Report) last released its quarterly 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 return on equity of 10.48% and a net margin of 4.94%. As a group, equities analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Insider Buying and Selling

In other Post news, CAO Diedre J. Gray sold 15,157 shares of the business's stock in a transaction dated Friday, February 21st. The shares were 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 in the company, valued at $2,237,835. This represents a 43.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the completion of the transaction, the senior vice president now directly owns 8,741 shares of the company's stock, valued at approximately $1,001,631.19. The trade was a 18.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,096 shares of company stock valued at $4,129,355. Company insiders own 11.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on shares of Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $127.50.

Post Company Profile

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.