Parr Mcknight Wealth Management Group LLC Invests $1.14 Million in Post Holdings, Inc. (NYSE:POST)

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,938 shares of the company's stock, valued at approximately $1,138,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Post by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company's stock valued at $588,359,000 after acquiring an additional 13,272 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Post by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company's stock valued at $366,428,000 after acquiring an additional 70,850 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Post by 53.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock worth $119,646,000 after purchasing an additional 364,006 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Post by 403.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock worth $112,969,000 after acquiring an additional 790,782 shares in the last quarter. Finally, Norges Bank acquired a new stake in Post during the 4th quarter valued at $108,991,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Post

In other news, CEO Nicolas Catoggio sold 5,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $114.50, for a total transaction of $572,500.00. Following the sale, the chief executive officer now directly owns 50,501 shares of the company's stock, valued at $5,782,364.50. This represents a 9.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares in the company, valued at $1,001,631.19. This trade represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on POST. Wells Fargo & Company dropped their target price on Post from $124.00 to $120.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Piper Sandler boosted their price target on Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Mizuho cut their price objective on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.00.

Post Price Performance

POST traded up $0.60 during trading on Thursday, reaching $109.19. 83,268 shares of the company were exchanged, compared to its average volume of 548,730. The company's 50-day moving average is $112.94 and its two-hundred day moving average is $112.59. Post Holdings, Inc. has a 12-month low of $99.70 and a 12-month high of $125.84. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 17.99 and a beta of 0.50. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78.

Post (NYSE:POST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. Post had a return on equity of 10.48% and a net margin of 4.94%. The company's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.51 EPS. Research 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.