Cerity Partners LLC Reduces Stock Position in Post Holdings, Inc. (NYSE:POST)

Key Points

• Cerity Partners LLC significantly reduced its stock position in Post Holdings, Inc. by 56.1% during the first quarter, leaving it with 3,903 shares valued at approximately $454,000.
• Several other institutional investors increased their stakes in Post, with MassMutual Private Wealth & Trust FSB raising its position by 68.4% in the same period.
• The latest quarterly earnings report revealed that Post Holdings, Inc. had an EPS of $1.41, exceeding expectations, despite a 2.3% year-over-year decline in revenue.

Cerity Partners LLC cut its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 56.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,903 shares of the company's stock after selling 4,984 shares during the period. Cerity Partners LLC's holdings in Post were worth $454,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Post by 68.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after purchasing an additional 143 shares during the period. True Wealth Design LLC boosted its stake in shares of 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 purchasing an additional 284 shares during the period. Bessemer Group Inc. boosted its stake in shares of Post by 200.0% during the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after purchasing an additional 318 shares during the period. Parallel Advisors LLC boosted its stake in shares of Post by 112.8% during the 1st quarter. Parallel Advisors LLC now owns 717 shares of the company's stock worth $83,000 after purchasing an additional 380 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Post by 27.3% during the 1st quarter. Fifth Third Bancorp now owns 829 shares of the company's stock worth $96,000 after purchasing an additional 178 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 owned 43,751 shares in the company, valued at approximately $4,767,546.47. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William P. Stiritz purchased 186,740 shares of Post stock in a transaction dated 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 acquisition, the director owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. This represents a 4.54% increase in their position. The disclosure for this purchase can be found here. Insiders own 11.40% of the company's stock.

Post Price Performance

Post stock opened at $107.81 on Friday. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 19.18 and a beta of 0.48. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.13 and a quick ratio of 1.43. Post Holdings, Inc. has a 1 year low of $103.33 and a 1 year high of $125.84. The firm has a 50-day moving average of $109.24 and a two-hundred day moving average of $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 net margin of 4.53% and a return on equity of 10.24%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the company earned $1.51 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Wall Street Analyst Weigh In

POST has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Mizuho dropped their price target on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Wells Fargo & Company lowered their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Finally, Evercore ISI boosted their price objective on shares of Post from $130.00 to $131.00 and gave the company 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

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.

Want to see what other hedge funds are holding POST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Post Holdings, Inc. (NYSE:POST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.