Martingale Asset Management L P cut its stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,730 shares of the company's stock after selling 3,817 shares during the quarter. Martingale Asset Management L P's holdings in Post were worth $2,258,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC boosted its holdings in shares of Post by 426.0% in the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company's stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. Quarry LP grew its stake in shares of Post by 244.9% in the 3rd quarter. Quarry LP now owns 338 shares of the company's stock worth $39,000 after purchasing an additional 240 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Post during the fourth quarter valued at $54,000. Eagle Bay Advisors LLC purchased a new position in Post during the 4th quarter worth approximately $75,000. Finally, Versant Capital Management Inc boosted its stake in shares of Post by 71.3% during the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company's stock valued at $106,000 after buying an additional 387 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
POST has been the subject of a number of analyst reports. Piper Sandler lifted their target price on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.50.
View Our Latest Research Report on POST
Insider Transactions at Post
In other Post news, Director David W. Kemper sold 8,939 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the transaction, the director now directly owns 29,722 shares in the company, valued at $3,291,711.50. The trade was a 23.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Catoggio sold 5,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $116.50, for a total transaction of $582,500.00. Following the sale, the chief executive officer now directly owns 55,501 shares in the company, valued at $6,465,866.50. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,096 shares of company stock valued at $4,129,355. Corporate insiders own 11.40% of the company's stock.
Post Stock Performance
Shares of NYSE:POST traded down $1.40 during midday trading on Tuesday, hitting $117.07. The company's stock had a trading volume of 290,255 shares, compared to its average volume of 543,811. Post Holdings, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $125.84. 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 stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 19.29 and a beta of 0.52. The stock's 50 day simple moving average is $113.66 and its 200 day simple moving average is $112.79.
Post (NYSE:POST - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.48% and a net margin of 4.94%. As a group, research analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current year.
About Post
(
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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