Arrowstreet Capital Limited Partnership lifted its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 160.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,829 shares of the company's stock after buying an additional 70,205 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.20% of Post worth $13,029,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of Post by 426.0% during the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company's stock worth $30,000 after purchasing an additional 213 shares in the last quarter. Quarry LP lifted its stake in Post by 244.9% in the third quarter. Quarry LP now owns 338 shares of the company's stock valued at $39,000 after buying an additional 240 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Post during the fourth quarter worth approximately $54,000. Eagle Bay Advisors LLC purchased a new stake in Post in the 4th quarter valued at $75,000. Finally, Versant Capital Management Inc grew its position in Post by 71.3% during the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company's stock worth $106,000 after purchasing an additional 387 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of 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 lifted their target price on Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Post currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.50.
View Our Latest Stock Report on Post
Insider Activity at Post
In related news, SVP Bradly A. Harper sold 2,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total value of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares of the company's stock, valued at approximately $1,001,631.19. This represents a 18.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David W. Kemper sold 8,939 shares of Post stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total transaction of $989,994.25. Following the transaction, the director now owns 29,722 shares of the company's stock, valued at approximately $3,291,711.50. The trade was a 23.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock worth $4,129,355 over the last 90 days. Company insiders own 11.40% of the company's stock.
Post Price Performance
Shares of POST opened at $117.51 on Friday. The firm has a market capitalization of $6.64 billion, a PE ratio of 19.36 and a beta of 0.65. The stock's 50 day moving average is $112.28 and its two-hundred day moving average is $112.79. Post Holdings, Inc. has a twelve month low of $99.62 and a twelve month high of $125.84. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78.
Post (NYSE:POST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a return on equity of 10.48% and a net margin of 4.94%. Research analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share 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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