Gabelli Funds LLC Decreases Stock Holdings in Post Holdings, Inc. $POST

Key Points

• Gabelli Funds LLC reduced its stake in Post Holdings, Inc. by 1.2%, selling 2,416 shares and maintaining ownership of 202,144 shares valued at approximately $23.5 million.
• Insider transactions included a significant purchase by Director William P. Stiritz of 36,000 shares at $109.53 each, increasing his ownership by 0.84%.
• Post Holdings reported an earnings per share (EPS) of $2.03, surpassing analysts' expectations and achieving a 1.9% year-over-year revenue growth.

Gabelli Funds LLC lessened its stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,144 shares of the company's stock after selling 2,416 shares during the period. Gabelli Funds LLC owned 0.36% of Post worth $23,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of POST. Brooklyn Investment Group increased its stake in shares of Post by 232.1% in the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company's stock valued at $32,000 after purchasing an additional 195 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Post by 68.4% in 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 during the last quarter. Millstone Evans Group LLC increased its stake in shares of Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock valued at $42,000 after purchasing an additional 224 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Post by 281.2% in the 4th quarter. True Wealth Design LLC now owns 385 shares of the company's stock valued at $44,000 after purchasing an additional 284 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Post by 200.0% in the 1st 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 last quarter. Institutional investors own 94.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho decreased their price target on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Wall Street Zen upgraded Post from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Evercore ISI boosted their price objective on Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Piper Sandler boosted their price objective on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Wells Fargo & Company reduced their price objective on Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.20.

Insider Transactions at Post

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

Post Trading Up 1.6%

POST traded up $1.80 during midday trading on Friday, hitting $113.08. 544,699 shares of the company were exchanged, compared to its average volume of 756,869. The firm has a market capitalization of $6.14 billion, a P/E ratio of 19.23 and a beta of 0.49. Post Holdings, Inc. has a 1-year low of $101.05 and a 1-year high of $125.84. The firm's 50 day moving average price is $108.19 and its 200-day moving average price is $111.16. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83.

Post (NYSE:POST - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The firm's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. As a group, equities analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Post announced that its Board of Directors has approved a stock repurchase program on Friday, August 29th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.