Post Holdings, Inc. (NYSE:POST) Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its position in Post Holdings, Inc. (NYSE:POST - Free Report) by 49.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,654 shares of the company's stock after purchasing an additional 43,455 shares during the period. Carnegie Investment Counsel owned 0.23% of Post worth $15,034,000 at the end of the most recent quarter.

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

Post Price Performance

Shares of POST stock traded up $0.06 during mid-day trading on Friday, hitting $107.81. 534,033 shares of the stock were exchanged, compared to its average volume of 699,058. The firm has a fifty day moving average of $109.24 and a 200 day moving average of $111.02. 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 52-week low of $103.33 and a 52-week high of $125.84. The company has a market cap of $6.01 billion, a PE ratio of 19.18 and a beta of 0.48.

Post (NYSE:POST - Get Free Report) last posted its earnings results 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. Post had a net margin of 4.53% and a return on equity of 10.24%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $1.51 EPS. The company's revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on POST. Piper Sandler upped their price target on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Evercore ISI upped 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 dropped their price objective on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Wells Fargo & Company dropped 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Post currently has an average rating of "Moderate Buy" and an average target price of $130.00.

Insider Activity

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

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.