Prudential Financial Inc. lowered its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,655 shares of the company's stock after selling 5,086 shares during the quarter. Prudential Financial Inc.'s holdings in Post were worth $418,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of POST. Hennessy Advisors Inc. purchased a new stake in shares of Post during the fourth quarter valued at approximately $56,864,000. Raymond James Financial Inc. purchased a new stake in Post during the 4th quarter worth $36,751,000. National Bank of Canada FI lifted 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 in the last quarter. EULAV Asset Management boosted its position in Post by 23.3% in the 4th quarter. EULAV Asset Management now owns 203,000 shares of the company's stock valued at $23,235,000 after buying an additional 38,400 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its stake in shares of Post by 20.3% during the fourth quarter. Iridian Asset Management LLC CT now owns 206,013 shares of the company's stock valued at $23,580,000 after acquiring an additional 34,825 shares in the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Post
In related news, CAO Diedre J. Gray sold 15,157 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the completion of the transaction, the chief accounting officer now owns 19,325 shares in the company, valued at $2,237,835. The trade was a 43.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the company's stock in a transaction 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 transaction, the senior vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,096 shares of company stock worth $4,129,355 over the last 90 days. Insiders own 11.40% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Piper Sandler boosted 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 upped their target price on Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.50.
Read Our Latest Research Report on Post
Post Stock Down 0.2 %
Post stock traded down $0.21 during midday trading on Tuesday, hitting $118.25. The stock had a trading volume of 25,167 shares, compared to its average volume of 630,745. The business has a fifty day moving average price of $113.66 and a 200 day moving average price of $112.79. Post Holdings, Inc. has a 12 month low of $99.70 and a 12 month high of $125.84. The stock has a market cap of $6.68 billion, a P/E ratio of 19.48 and a beta of 0.52. 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, beating 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%. Research analysts predict that Post Holdings, Inc. will post 6.41 EPS 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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