3Chopt Investment Partners LLC Takes Position in Post Holdings, Inc. (NYSE:POST)

3Chopt Investment Partners LLC purchased a new stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,301 shares of the company's stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds also recently modified their holdings of POST. Parkside Financial Bank & Trust increased its holdings in Post by 6.5% in the 4th 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. Truist Financial Corp raised its stake in Post by 4.2% in the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company's stock valued at $318,000 after acquiring an additional 113 shares during the period. Sequoia Financial Advisors LLC raised its stake in Post by 2.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,960 shares of the company's stock valued at $577,000 after acquiring an additional 133 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Post by 68.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the period. Finally, ProShare Advisors LLC raised its stake in Post by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 2,215 shares of the company's stock valued at $254,000 after acquiring an additional 152 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

Post Price Performance

Shares of NYSE POST traded up $0.40 during midday trading on Friday, hitting $108.80. 903,674 shares of the company's stock were exchanged, compared to its average volume of 562,721. Post Holdings, Inc. has a 12-month low of $103.33 and a 12-month high of $125.84. The company has a current ratio of 2.13, a quick ratio of 1.43 and a debt-to-equity ratio of 1.81. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 19.36 and a beta of 0.49. The business's fifty day moving average price is $111.03 and its two-hundred day moving average price is $111.85.

Post (NYSE:POST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.41 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Post's revenue was down 2.3% on a year-over-year basis. As a group, research analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William P. Stiritz acquired 186,740 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the completion of the acquisition, the director now owns 4,298,667 shares in the company, valued at approximately $469,027,556.37. This represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nicolas Catoggio sold 1,750 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $108.97, for a total value of $190,697.50. Following the completion of the sale, the chief executive officer now directly owns 43,751 shares of the company's stock, valued at approximately $4,767,546.47. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. 11.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POST has been the topic of a number of research reports. Mizuho lowered their price objective on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Wells Fargo & Company lowered their price objective on Post from $124.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Evercore ISI increased their price target on shares of Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Piper Sandler increased their price target on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $130.50.

Post 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.