Canada Pension Plan Investment Board boosted its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,800 shares of the company's stock after buying an additional 20,900 shares during the period. Canada Pension Plan Investment Board owned 0.09% of Post worth $5,929,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Post by 770.8% in the 4th quarter. NewEdge Advisors LLC now owns 2,386 shares of the company's stock valued at $273,000 after acquiring an additional 2,112 shares during the period. XTX Topco Ltd acquired a new position in Post in the fourth quarter valued at $559,000. Mariner LLC increased its stake in Post by 15.5% in the fourth quarter. Mariner LLC now owns 6,905 shares of the company's stock valued at $790,000 after purchasing an additional 927 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Post by 47.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,936 shares of the company's stock valued at $336,000 after buying an additional 943 shares during the last quarter. Finally, Argent Trust Co boosted its stake in shares of Post by 20.1% during the fourth quarter. Argent Trust Co now owns 4,038 shares of the company's stock worth $462,000 after buying an additional 677 shares during the period. Hedge funds and other institutional investors own 94.85% of the company's stock.
Post Stock Performance
NYSE POST traded down $1.33 on Friday, hitting $112.86. 326,451 shares of the company's stock were exchanged, compared to its average volume of 545,810. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The firm's 50-day moving average price is $114.37 and its two-hundred day moving average price is $112.83. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 18.59 and a beta of 0.52. Post Holdings, Inc. has a fifty-two week low of $99.70 and a fifty-two 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 (EPS) for the quarter, topping 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%. On average, research analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current year.
Wall Street Analyst Weigh In
POST has been the subject of several analyst reports. Piper Sandler upped their price objective on 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 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.
Check Out Our Latest Report on Post
Insider Activity at Post
In other 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 value of $989,994.25. Following the completion of the transaction, the director now owns 29,722 shares in the company, valued at $3,291,711.50. This trade represents a 23.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of Post 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 directly owns 8,741 shares of the company's stock, valued at $1,001,631.19. This trade represents a 18.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock worth $4,129,355 over the last 90 days. Company insiders own 11.40% of the company's stock.
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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