Raymond James Financial Inc. acquired a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 321,079 shares of the company's stock, valued at approximately $36,751,000. Raymond James Financial Inc. owned about 0.55% of Post at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Fortitude Family Office LLC raised its stake in shares of Post by 426.0% during 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 during the last quarter. Sound Income Strategies LLC acquired a new position in Post during the 4th quarter worth about $54,000. Eagle Bay Advisors LLC bought a new stake in shares of Post in the 4th quarter valued at about $75,000. Versant Capital Management Inc increased its stake in shares of Post by 71.3% in the fourth 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. Finally, Parkside Financial Bank & Trust raised its position in shares of Post by 6.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company's stock worth $194,000 after acquiring an additional 103 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Post
In other Post news, CEO Nicolas Catoggio sold 5,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $116.50, for a total transaction of $582,500.00. Following the transaction, the chief executive officer now owns 55,501 shares in the company, valued at approximately $6,465,866.50. This represents a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of Post stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the transaction, the senior vice president now owns 8,741 shares of the company's stock, valued at $1,001,631.19. This represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,096 shares of company stock valued at $4,129,355 in the last 90 days. 11.40% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
POST has been the topic of several analyst reports. 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 report on Wednesday, April 2nd. Piper Sandler upped their price objective 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.50.
Check Out Our Latest Stock Report on Post
Post Trading Up 1.3 %
POST traded up $1.51 during trading on Tuesday, hitting $115.48. The company's stock had a trading volume of 561,592 shares, compared to its average volume of 544,487. The firm has a market capitalization of $6.52 billion, a P/E ratio of 19.03 and a beta of 0.52. Post Holdings, Inc. has a twelve month low of $99.70 and a twelve month high of $125.84. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. The stock's fifty day moving average price is $114.21 and its 200-day moving average price is $112.82.
Post (NYSE:POST - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. Analysts anticipate 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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