Commerce Bank Trims Position in Post Holdings, Inc. (NYSE:POST)

Key Points

• Commerce Bank has decreased its stake in Post Holdings, Inc. by 5.9%, owning 80,650 shares worth approximately $9.38 million after selling 5,083 shares in the first quarter.
• Several institutional investors, including Dimensional Fund Advisors LP and Point72 Asset Management, have significantly increased their holdings in Post during the fourth quarter, with institutional investors now owning 94.85% of the company's stock.
• Post Holdings recently reported earnings per share of $1.41, exceeding analyst expectations, but its revenue declined by 2.3% year-over-year, with a consensus target price of $130.00 and a rating of "Moderate Buy".

Commerce Bank reduced its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,650 shares of the company's stock after selling 5,083 shares during the period. Commerce Bank owned approximately 0.14% of Post worth $9,384,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Post by 68.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after buying an additional 143 shares during the period. Millstone Evans Group LLC increased its stake in Post by 167.2% in the first quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock worth $42,000 after purchasing an additional 224 shares during the period. True Wealth Design LLC lifted its position in shares of Post by 281.2% during the fourth 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 last quarter. Bessemer Group Inc. boosted its stake in shares of Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company's stock valued at $56,000 after purchasing an additional 318 shares during the period. Finally, Parallel Advisors LLC increased its stake in Post by 112.8% in the 1st quarter. Parallel Advisors LLC now owns 717 shares of the company's stock worth $83,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 94.85% of the company's stock.

Analyst Ratings Changes

POST has been the subject of several research analyst reports. Evercore ISI lifted their price target on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler boosted their target price on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Mizuho cut their price objective on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their price objective on Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Insider Transactions at Post

In related news, Director William P. Stiritz bought 186,740 shares of the stock in a transaction dated Thursday, June 5th. The shares were acquired at an average cost of $109.11 per share, for a total transaction 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. This trade represents a 4.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of the company'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 value of $190,697.50. Following the completion of the transaction, the chief executive officer owned 43,751 shares in the company, valued at $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. 11.40% of the stock is owned by corporate insiders.

Post Stock Performance

POST stock traded down $0.35 during trading on Monday, hitting $105.19. 835,474 shares of the company traded hands, compared to its average volume of 699,349. 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 stock's 50-day simple moving average is $108.93 and its 200 day simple moving average is $111.00. The company has a market cap of $5.86 billion, a PE ratio of 18.72 and a beta of 0.49.

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