Argonautica Private Wealth Management Inc. acquired a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,495 shares of the company's stock, valued at approximately $290,000.
A number of other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 purchasing an additional 143 shares during the last quarter. Millstone Evans Group LLC boosted its stake in Post by 167.2% during the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock worth $42,000 after acquiring an additional 224 shares during the last quarter. True Wealth Design LLC boosted its stake in Post by 281.2% during the 4th quarter. True Wealth Design LLC now owns 385 shares of the company's stock worth $44,000 after acquiring an additional 284 shares during the last quarter. Bessemer Group Inc. boosted its stake in Post by 200.0% during the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after acquiring an additional 318 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Post by 112.8% in the first quarter. Parallel Advisors LLC now owns 717 shares of the company's stock valued at $83,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.
Analyst Ratings Changes
POST has been the topic of a number of research reports. Evercore ISI boosted their price objective on shares of Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company decreased their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. Mizuho reduced their target price on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Finally, Piper Sandler upped their price objective on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $130.00.
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Post Price Performance
Shares of POST stock traded up $0.06 on Friday, reaching $107.81. The company had a trading volume of 534,033 shares, compared to its average volume of 699,058. The stock has a market capitalization of $6.01 billion, a PE ratio of 19.18 and a beta of 0.48. The company has a quick ratio of 1.43, a current ratio of 2.13 and a debt-to-equity ratio of 1.81. Post Holdings, Inc. has a one year low of $103.33 and a one year high of $125.84. The business's 50-day moving average is $109.32 and its 200 day moving average is $111.00.
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, beating 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 the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The firm's revenue was down 2.3% compared to the same quarter last year. Equities research analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.
Insider Activity at Post
In other news, Director William P. Stiritz bought 186,740 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the transaction, the director owned 4,298,667 shares of the company's stock, valued at $469,027,556.37. This trade represents a 4.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief executive officer directly owned 43,751 shares of the company's stock, valued at $4,767,546.47. This 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 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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