Iridian Asset Management LLC CT Reduces Holdings in Post Holdings, Inc. (NYSE:POST)

Iridian Asset Management LLC CT trimmed its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,674 shares of the company's stock after selling 32,339 shares during the period. Post comprises about 6.3% of Iridian Asset Management LLC CT's portfolio, making the stock its 5th biggest position. Iridian Asset Management LLC CT owned 0.31% of Post worth $20,209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after purchasing an additional 318 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Post by 7.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company's stock worth $805,000 after purchasing an additional 472 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Post by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,585 shares of the company's stock valued at $36,694,000 after acquiring an additional 964 shares during the period. ProShare Advisors LLC lifted its stake in shares of Post by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 2,215 shares of the company's stock worth $254,000 after purchasing an additional 152 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Post by 27.3% during the first quarter. Fifth Third Bancorp now owns 829 shares of the company's stock worth $96,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Insider Activity at Post

In other Post news, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $108.97, for a total transaction of $190,697.50. Following the transaction, the chief executive officer directly owned 43,751 shares in the company, valued at $4,767,546.47. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William P. Stiritz acquired 186,740 shares of the stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $109.11 per share, for a total transaction of $20,375,201.40. Following the acquisition, the director owned 4,298,667 shares in the company, valued at $469,027,556.37. The trade was 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on POST shares. Wells Fargo & Company cut their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a report on Wednesday. Evercore ISI increased their price target on Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Mizuho lowered their price objective on Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, Piper Sandler upped their target price on Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $130.00.

Post Trading Down 0.8%

Shares of NYSE:POST traded down $0.85 during midday trading on Wednesday, reaching $105.82. The company had a trading volume of 829,568 shares, compared to its average volume of 570,366. The company has a fifty day simple moving average of $110.22 and a two-hundred day simple moving average of $111.52. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 17.18 and a beta of 0.48. Post Holdings, Inc. has a 1-year low of $103.33 and a 1-year high of $125.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.43 and a current ratio of 2.13.

Post (NYSE:POST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.23. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. Post had a net margin of 4.53% and a return on equity of 10.24%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.51 earnings per share. Research analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

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.