Carolina Wealth Advisors LLC Sells 4,030 Shares of Post Holdings, Inc. (NYSE:POST)

Carolina Wealth Advisors LLC lowered its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 59.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,720 shares of the company's stock after selling 4,030 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Post were worth $316,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Post during the fourth quarter worth about $108,991,000. The Manufacturers Life Insurance Company grew its position 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 worth $112,969,000 after acquiring an additional 790,782 shares during the last quarter. Point72 Asset Management L.P. grew its position 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 worth $119,646,000 after acquiring an additional 364,006 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Post in the 4th quarter valued at $36,751,000. Finally, GAMMA Investing LLC lifted its holdings in Post by 10,001.8% in the first quarter. GAMMA Investing LLC now owns 176,984 shares of the company's stock valued at $20,594,000 after acquiring an additional 175,232 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.

Insider Buying and Selling at Post

In other Post news, CEO Nicolas Catoggio sold 1,750 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 43,751 shares of the company's stock, valued at approximately $4,767,546.47. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William P. Stiritz purchased 186,740 shares of Post stock in a transaction on 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 transaction, the director now owns 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. Corporate insiders own 11.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Post Stock Down 0.5%

Shares of POST traded down $0.56 during midday trading on Monday, reaching $108.17. 115,490 shares of the stock were exchanged, compared to its average volume of 610,038. Post Holdings, Inc. has a 12-month low of $103.33 and a 12-month high of $125.84. The firm has a 50 day simple moving average of $111.03 and a 200-day simple moving average of $111.85. The company has a quick ratio of 1.43, a current ratio of 2.13 and a debt-to-equity ratio of 1.81. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 19.25 and a beta of 0.49.

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

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.