Vestcor Inc Invests $416,000 in Post Holdings, Inc. (NYSE:POST)

Key Points

• Vestcor Inc has made a new investment of $416,000 in Post Holdings, acquiring 3,573 shares of the company's stock.
• Institutional investors own approximately 94.85% of Post's stock, indicating strong institutional interest in the company.
• Post Holdings has an average rating of "Moderate Buy" from analysts, with a consensus price target of $130.00 per share.

Vestcor Inc purchased a new stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,573 shares of the company's stock, valued at approximately $416,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in Post by 68.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares during the period. Millstone Evans Group LLC grew its holdings in shares of Post by 167.2% in the first quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock valued at $42,000 after purchasing an additional 224 shares in the last quarter. True Wealth Design LLC increased its position in Post by 281.2% in the fourth quarter. True Wealth Design LLC now owns 385 shares of the company's stock worth $44,000 after purchasing an additional 284 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Post by 200.0% during the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company's stock valued at $56,000 after buying an additional 318 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Post by 112.8% during the first quarter. Parallel Advisors LLC now owns 717 shares of the company's stock worth $83,000 after acquiring an additional 380 shares during the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Post Stock Performance

POST traded down $2.03 during trading on Tuesday, reaching $103.18. The company's stock had a trading volume of 923,991 shares, compared to its average volume of 705,435. The company's fifty day moving average price is $108.80 and its 200-day moving average price is $110.95. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.36 and a beta of 0.49. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.43 and a current ratio of 2.13. Post Holdings, Inc. has a 52-week low of $103.10 and a 52-week high of $125.84.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.23. Post had a return on equity of 10.24% and a net margin of 4.53%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

POST has been the subject of several analyst reports. Piper Sandler raised their price objective on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Evercore ISI increased their price target on Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Mizuho cut their price target on Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their price target on Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

Insider Activity

In other Post news, Director William P. Stiritz acquired 186,740 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the transaction, the director directly owned 4,298,667 shares of the company's stock, valued at approximately $469,027,556.37. The trade was a 4.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $108.97, for a total transaction of $190,697.50. Following the completion of the sale, the chief executive officer directly owned 43,751 shares of the company's stock, valued at $4,767,546.47. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.40% of the company's stock.

Post Company Profile

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.