Envestnet Asset Management Inc. Increases Stock Position in Post Holdings, Inc. (NYSE:POST)

Envestnet Asset Management Inc. lifted its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 302,241 shares of the company's stock after purchasing an additional 32,995 shares during the period. Envestnet Asset Management Inc. owned 0.54% of Post worth $35,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in Post by 68.4% during the 1st 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. True Wealth Design LLC boosted 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 worth $44,000 after buying an additional 284 shares during the last quarter. Bessemer Group Inc. boosted 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 worth $56,000 after buying an additional 318 shares during the last quarter. Parallel Advisors LLC boosted 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 worth $83,000 after buying an additional 380 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Post by 27.3% in the first quarter. Fifth Third Bancorp now owns 829 shares of the company's stock worth $96,000 after buying an additional 178 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Mizuho lowered their target price on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Piper Sandler boosted their price objective on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. 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. Finally, Wells Fargo & Company cut their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Post presently has a consensus rating of "Moderate Buy" and an average target price of $130.00.

Insiders Place Their Bets

In related news, Director William P. Stiritz acquired 186,740 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was acquired at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the purchase, the director owned 4,298,667 shares of the company's stock, valued at $469,027,556.37. This represents a 4.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $108.97, for a total value of $190,697.50. Following the sale, the chief executive officer owned 43,751 shares of the company's stock, valued at approximately $4,767,546.47. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. 11.40% of the stock is owned by company insiders.

Post Trading Down 0.7%

Shares of NYSE:POST opened at $106.88 on Monday. Post Holdings, Inc. has a 1 year low of $103.33 and a 1 year high of $125.84. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 19.02 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. The business's 50 day moving average price is $110.00 and its 200-day moving average price is $111.37.

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, beating analysts' consensus estimates 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%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 EPS. On average, equities research analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share 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.

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