Burney Co. Cuts Stake in Post Holdings, Inc. (NYSE:POST)

Key Points

• Burney Co. reduced its stake in Post Holdings, Inc. by 29.4%, now holding 6,253 shares valued at approximately $728,000.
• Several institutional investors, including Vanguard Group and Point72 Asset Management, recently increased their stakes in Post, reflecting strong investor interest.
• Post Holdings reported $1.41 earnings per share for the latest quarter, exceeding analysts' estimates despite a 2.3% decline in quarterly revenue year-over-year.

Burney Co. lowered its position in Post Holdings, Inc. (NYSE:POST - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,253 shares of the company's stock after selling 2,603 shares during the quarter. Burney Co.'s holdings in Post were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Post by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company's stock valued at $588,359,000 after purchasing an additional 13,272 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Post by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company's stock valued at $366,428,000 after acquiring an additional 70,850 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Post by 53.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock valued at $119,646,000 after acquiring an additional 364,006 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock valued at $112,969,000 after acquiring an additional 790,782 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Post during the fourth quarter valued at approximately $108,991,000. Hedge funds and other institutional investors own 94.85% of the company's stock.

Insiders Place Their Bets

In related news, Director William P. Stiritz bought 186,740 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the purchase, the director owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. The trade was a 4.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 directly owned 43,751 shares in the company, valued at approximately $4,767,546.47. This represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on POST. Mizuho decreased their target price on Post from $133.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Wells Fargo & Company decreased their target price on Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Piper Sandler upped their target price on Post from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Finally, Evercore ISI upped their target price on Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $130.00.

Post Price Performance

POST opened at $107.81 on Friday. The stock has a fifty day simple moving average of $109.24 and a two-hundred day simple moving average of $111.00. 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 $6.01 billion, a price-to-earnings ratio of 19.18 and a beta of 0.48. Post Holdings, Inc. has a 12-month low of $103.33 and a 12-month high of $125.84.

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

About Post

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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