Parr Mcknight Wealth Management Group LLC Acquires New Stake in Post Holdings, Inc. (NYSE:POST)

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

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. True Wealth Design LLC increased its position in Post by 281.2% during 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. Sound Income Strategies LLC acquired a new position in Post during the fourth quarter worth approximately $54,000. State of Wyoming increased its position 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 buying an additional 294 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Post by 6.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company's stock worth $194,000 after buying an additional 103 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Post during the fourth quarter worth approximately $202,000. Institutional investors and hedge funds own 94.85% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on POST. Piper Sandler boosted their price objective on Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company cut their price target on Post from $124.00 to $120.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

Post Price Performance

POST traded up $1.78 during trading on Tuesday, hitting $109.79. 405,818 shares of the stock traded hands, compared to its average volume of 551,088. Post Holdings, Inc. has a twelve month low of $99.70 and a twelve month high of $125.84. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 18.09 and a beta of 0.50. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The business has a 50 day moving average price of $113.00 and a 200 day moving average price of $112.61.

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. Post had a net margin of 4.94% and a return on equity of 10.48%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The company's revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 5,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $114.50, for a total transaction of $572,500.00. Following the completion of the transaction, the chief executive officer now directly owns 50,501 shares in the company, valued at approximately $5,782,364.50. This represents a 9.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total transaction of $229,180.00. Following the transaction, the senior vice president now owns 8,741 shares of the company's stock, 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. Company 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.