Post Holdings, Inc. $POST Shares Sold by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its ownership in Post Holdings, Inc. by selling 3,000 shares, bringing its total stake down to approximately 50,577 shares.
• Post Holdings, Inc. reported a strong earnings performance, with $2.03 earnings per share for the last quarter, surpassing estimates and showing year-over-year revenue growth.
• The company has initiated a share repurchase plan, a move often indicating that management believes the company's stock is undervalued.

Corebridge Financial Inc. cut its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,577 shares of the company's stock after selling 3,000 shares during the period. Corebridge Financial Inc. owned 0.09% of Post worth $5,885,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in Post by 7.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,039 shares of the company's stock worth $348,000 after purchasing an additional 208 shares during the period. Voya Investment Management LLC raised its position in Post by 35.5% during the fourth quarter. Voya Investment Management LLC now owns 10,890 shares of the company's stock worth $1,246,000 after acquiring an additional 2,851 shares during the period. Northern Trust Corp grew its position in shares of Post by 28.9% in the fourth quarter. Northern Trust Corp now owns 447,046 shares of the company's stock valued at $51,169,000 after purchasing an additional 100,263 shares during the period. AQR Capital Management LLC increased its stake in shares of Post by 44.9% during the fourth quarter. AQR Capital Management LLC now owns 66,205 shares of the company's stock worth $7,578,000 after purchasing an additional 20,517 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Post by 48.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,770 shares of the company's stock valued at $1,004,000 after buying an additional 2,875 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Insider Buying and Selling

In other news, Director William P. Stiritz purchased 36,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the transaction, the director directly owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. This represents a 0.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 11.40% of the stock is owned by company insiders.

Post Trading Down 1.0%

POST traded down $1.15 on Thursday, hitting $109.81. The company had a trading volume of 112,918 shares, compared to its average volume of 636,844. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83. The firm has a market cap of $5.96 billion, a P/E ratio of 18.67 and a beta of 0.51. The company's fifty day moving average price is $108.28 and its 200 day moving average price is $111.16. Post Holdings, Inc. has a 1 year low of $101.05 and a 1 year high of $125.84.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.36. Post had a net margin of 4.62% and a return on equity of 10.80%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business's revenue was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Post declared that its board has approved a stock buyback program on Friday, August 29th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on POST. JPMorgan Chase & Co. lifted their price target on Post from $122.00 to $131.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Post from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Piper Sandler boosted their price target on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Wells Fargo & Company cut their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Finally, Mizuho lowered their target price on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Post has an average rating of "Moderate Buy" and an average target price of $131.20.

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.