Envestnet Portfolio Solutions Inc. Trims Position in Post Holdings, Inc. (NYSE:POST)

Envestnet Portfolio Solutions Inc. trimmed its holdings in Post Holdings, Inc. (NYSE:POST - Free Report) by 40.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,733 shares of the company's stock after selling 2,492 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Post were worth $434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Post during the 4th quarter worth approximately $108,991,000. The Manufacturers Life Insurance Company lifted its stake in Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock worth $112,969,000 after purchasing an additional 790,782 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Post by 53.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock worth $119,646,000 after buying an additional 364,006 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Post in the fourth quarter valued at $36,751,000. Finally, GAMMA Investing LLC grew its stake in shares of Post by 10,001.8% in the first quarter. GAMMA Investing LLC now owns 176,984 shares of the company's stock valued at $20,594,000 after buying an additional 175,232 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Post Stock Up 0.4%

Shares of POST traded up $0.40 during midday trading on Friday, hitting $108.80. The company had a trading volume of 903,674 shares, compared to its average volume of 562,721. 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 $6.06 billion, a P/E ratio of 19.36 and a beta of 0.49. 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 company's 50-day simple moving average is $111.03 and its 200-day simple moving average is $111.91.

Post (NYSE:POST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The firm's quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on POST shares. Piper Sandler raised their target price on Post from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Evercore ISI increased their price target on shares of Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a research 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 report on Wednesday, May 28th. Finally, Wells Fargo & Company cut their target price on shares of Post from $124.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Post presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.50.

Insider Transactions at Post

In related news, CEO Nicolas Catoggio sold 1,750 shares of Post 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 now directly owns 43,751 shares in the company, valued at $4,767,546.47. This trade represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William P. Stiritz acquired 186,740 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was bought at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the purchase, the director now directly owns 4,298,667 shares of the company's stock, valued at $469,027,556.37. This represents a 4.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.40% of the company's stock.

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.