Post (NYSE:POST) Hits New 12-Month High - Here's What Happened

Post Holdings, Inc. (NYSE:POST - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $125.84 and last traded at $119.80, with a volume of 394541 shares changing hands. The stock had previously closed at $119.76.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on POST shares. Evercore ISI increased their price objective on shares of Post from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Wells Fargo & Company lowered their target price on Post from $120.00 to $116.00 and set an "equal weight" rating for the company in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $124.17.

Post Trading Down 2.2 %

The business's 50-day moving average is $113.80 and its two-hundred day moving average is $111.36. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.36 and a quick ratio of 1.56. The firm has a market cap of $6.81 billion, a P/E ratio of 20.77 and a beta of 0.66.

Insider Activity at Post

In other news, CEO Nicolas Catoggio sold 6,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $121.14, for a total value of $726,840.00. Following the sale, the chief executive officer now directly owns 70,501 shares of the company's stock, valued at approximately $8,540,491.14. This represents a 7.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bradly A. Harper sold 1,000 shares of Post stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $120.09, for a total value of $120,090.00. Following the transaction, the senior vice president now owns 11,220 shares of the company's stock, valued at $1,347,409.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,969 shares of company stock valued at $4,322,051. 10.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its holdings in shares of Post by 5.0% during the second quarter. Truist Financial Corp now owns 2,376 shares of the company's stock worth $247,000 after buying an additional 114 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Post by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company's stock worth $521,000 after purchasing an additional 117 shares in the last quarter. CarsonAllaria Wealth Management Ltd. boosted its holdings in Post by 12.8% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,233 shares of the company's stock valued at $128,000 after purchasing an additional 140 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Post by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company's stock worth $396,000 after purchasing an additional 146 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Post by 1.7% during the third quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company's stock worth $1,076,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.

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.