Janney Montgomery Scott LLC Has $783,000 Position in Post Holdings, Inc. (NYSE:POST)

Janney Montgomery Scott LLC lessened its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 40.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,732 shares of the company's stock after selling 4,528 shares during the quarter. Janney Montgomery Scott LLC's holdings in Post were worth $783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in POST. MassMutual Private Wealth & Trust FSB lifted its stake in Post by 68.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after purchasing an additional 143 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Post by 281.2% in the 4th 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. Parallel Advisors LLC boosted its holdings in shares of Post by 112.8% in the 1st quarter. Parallel Advisors LLC now owns 717 shares of the company's stock valued at $83,000 after buying an additional 380 shares during the period. Fifth Third Bancorp grew its position in shares of Post by 27.3% during the 1st quarter. Fifth Third Bancorp now owns 829 shares of the company's stock valued at $96,000 after buying an additional 178 shares during the last quarter. Finally, State of Wyoming raised its stake in Post by 33.1% during the fourth quarter. State of Wyoming now owns 1,183 shares of the company's stock worth $135,000 after acquiring an additional 294 shares during the period. Institutional investors own 94.85% of the company's stock.

Insider Transactions at Post

In other news, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 43,751 shares of the company's stock, valued at $4,767,546.47. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William P. Stiritz acquired 186,740 shares of the company's stock in a transaction on Thursday, June 5th. The stock was bought 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 in the company, valued at approximately $469,027,556.37. This trade represents a 4.54% increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on POST shares. Wells Fargo & Company dropped their price objective on shares of Post from $124.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Evercore ISI raised their target price on Post from $130.00 to $131.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Mizuho reduced their price target on Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Finally, Piper Sandler raised their price target on Post from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $130.50.

Post Price Performance

Shares of POST traded down $2.61 during midday trading on Thursday, reaching $108.78. The stock had a trading volume of 740,760 shares, compared to its average volume of 612,987. Post Holdings, Inc. has a 52 week low of $103.33 and a 52 week high of $125.84. 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 company has a market capitalization of $6.06 billion, a P/E ratio of 19.36 and a beta of 0.48. The firm's 50 day moving average price is $110.76 and its 200-day moving average price is $111.79.

Post (NYSE:POST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.23. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. On average, analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

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.