Diamond Hill Capital Management Inc. Lowers Stock Position in Post Holdings, Inc. (NYSE:POST)

Diamond Hill Capital Management Inc. decreased its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 12.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,099,269 shares of the company's stock after selling 162,899 shares during the period. Diamond Hill Capital Management Inc. owned 1.95% of Post worth $127,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew 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 valued at $41,000 after purchasing an additional 143 shares in the last quarter. Millstone Evans Group LLC grew its holdings in shares of Post by 167.2% in the first quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock valued at $42,000 after purchasing an additional 224 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Post by 281.2% in the fourth quarter. True Wealth Design LLC now owns 385 shares of the company's stock valued at $44,000 after purchasing an additional 284 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Post by 200.0% in 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 in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Post by 112.8% in the first quarter. Parallel Advisors LLC now owns 717 shares of the company's stock valued at $83,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 94.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on POST. Evercore ISI raised their target price on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a 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 for the company in a research note on Wednesday, May 28th. Wells Fargo & Company dropped 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 note on Wednesday, July 9th. Finally, Piper Sandler lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

Insiders Place Their Bets

In related news, Director William P. Stiritz bought 186,740 shares of the stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the purchase, the director owned 4,298,667 shares of the company's stock, valued at $469,027,556.37. This trade represents a 4.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Catoggio sold 1,750 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 43,751 shares of the company's stock, 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 currently owned by insiders.

Post Trading Up 0.1%

NYSE POST traded up $0.06 on Friday, hitting $107.81. 534,033 shares of the stock were exchanged, compared to its average volume of 699,058. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.43 and a current ratio of 2.13. The stock has a fifty day moving average price of $109.24 and a two-hundred day moving average price of $111.02. The firm has a market capitalization of $6.01 billion, a P/E ratio of 19.18 and a beta of 0.48. Post Holdings, Inc. has a 52-week low of $103.33 and a 52-week high of $125.84.

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

Post Company 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.