Ensign Peak Advisors Inc boosted its stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,820 shares of the company's stock after buying an additional 9,546 shares during the period. Ensign Peak Advisors Inc owned 0.19% of Post worth $12,456,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Post in the fourth quarter valued at approximately $108,991,000. The Manufacturers Life Insurance Company increased its stake in Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock worth $112,969,000 after purchasing an additional 790,782 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Post during the fourth quarter worth about $56,864,000. Raymond James Financial Inc. acquired a new stake in shares of Post during the fourth quarter worth about $36,751,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Post in the fourth quarter valued at approximately $19,576,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
POST has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Post from $124.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday. Piper Sandler lifted their target price on Post from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.20.
Get Our Latest Stock Report on Post
Post Stock Up 2.0%
Post stock traded up $2.14 during trading on Thursday, reaching $110.41. The stock had a trading volume of 719,413 shares, compared to its average volume of 550,113. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. Post Holdings, Inc. has a 52-week low of $99.70 and a 52-week high of $125.84. The stock has a market cap of $6.24 billion, a PE ratio of 18.19 and a beta of 0.50. The business has a 50 day moving average price of $113.79 and a 200 day moving average price of $112.65.
Post (NYSE:POST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.23. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. Post had a net margin of 4.94% and a return on equity of 10.48%. The company's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 EPS. On average, analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current year.
Insider Transactions at Post
In related news, SVP Bradly A. Harper sold 2,000 shares of Post stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares in the company, valued at $1,001,631.19. This trade represents a 18.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Diedre J. Gray sold 15,157 shares of the company's stock in a transaction on Friday, February 21st. The shares were 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 of the company's stock, valued at $2,237,835. This represents a 43.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,157 shares of company stock valued at $3,139,361. 11.40% of the stock is currently owned by corporate insiders.
Post Profile
(
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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