Resona Asset Management Co. Ltd. bought a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,593 shares of the company's stock, valued at approximately $984,000.
Several other hedge funds have also recently made changes to their positions in POST. Vanguard Group Inc. raised its position in Post by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company's stock valued at $588,359,000 after purchasing an additional 13,272 shares in the last quarter. Norges Bank bought a new stake in Post in the 4th quarter worth approximately $108,991,000. Hennessy Advisors Inc. purchased a new stake in Post in the fourth quarter worth approximately $56,864,000. Raymond James Financial Inc. bought a new position in Post during the fourth quarter valued at approximately $36,751,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Post by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,585 shares of the company's stock valued at $36,694,000 after purchasing an additional 964 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
POST has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Piper Sandler boosted their target price on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Post currently has an average rating of "Moderate Buy" and a consensus price target of $127.50.
Check Out Our Latest Research Report on Post
Post Stock Performance
POST stock traded down $1.45 during midday trading on Tuesday, reaching $117.01. The stock had a trading volume of 142,548 shares, compared to its average volume of 542,634. 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 firm has a fifty day simple moving average of $113.66 and a two-hundred day simple moving average of $112.79. The stock has a market cap of $6.61 billion, a PE ratio of 19.28 and a beta of 0.52. Post Holdings, Inc. has a 52-week low of $99.70 and a 52-week high of $125.84.
Post (NYSE:POST - Get Free Report) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current year.
Insider Activity
In other Post news, Director David W. Kemper sold 8,939 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total transaction of $989,994.25. Following the completion of the sale, the director now owns 29,722 shares of the company's stock, valued at $3,291,711.50. This trade represents a 23.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of the 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. This represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock worth $4,129,355 over the last three months. Insiders own 11.40% of the company's stock.
Post 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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