Wedge Capital Management L L P NC Purchases 26,262 Shares of Post Holdings, Inc. (NYSE:POST)

Wedge Capital Management L L P NC grew its position in Post Holdings, Inc. (NYSE:POST - Free Report) by 10.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 289,530 shares of the company's stock after buying an additional 26,262 shares during the period. Wedge Capital Management L L P NC owned approximately 0.51% of Post worth $33,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC bought a new stake in shares of Post in the 1st quarter worth $204,000. Somerset Trust Co bought a new position in Post in the first quarter valued at about $235,000. Parallel Advisors LLC boosted its holdings in shares of Post by 112.8% in the first quarter. Parallel Advisors LLC now owns 717 shares of the company's stock worth $83,000 after buying an additional 380 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Post by 10,001.8% during the 1st quarter. GAMMA Investing LLC now owns 176,984 shares of the company's stock worth $20,594,000 after acquiring an additional 175,232 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Post by 24.6% in the first quarter. Versant Capital Management Inc now owns 1,159 shares of the company's stock worth $135,000 after buying an additional 229 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Post from $124.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Mizuho cut their target price on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Finally, Evercore ISI boosted their price target on shares of Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Post has a consensus rating of "Moderate Buy" and a consensus target price of $128.83.

Post Trading Up 0.6%

Shares of NYSE POST traded up $0.69 during trading hours on Monday, hitting $110.06. 333,498 shares of the company traded hands, compared to its average volume of 551,233. The company's 50 day moving average price is $112.18 and its 200 day moving average price is $112.61. Post Holdings, Inc. has a 12 month low of $99.70 and a 12 month high of $125.84. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.13 and a beta of 0.49. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78.

Post (NYSE:POST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.41 earnings per share 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 for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Post

In related news, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $108.97, for a total transaction of $190,697.50. Following the completion of the sale, the chief executive officer now directly owns 43,751 shares of the company's stock, valued at approximately $4,767,546.47. This trade represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William P. Stiritz acquired 186,740 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 4,298,667 shares in the company, valued at $469,027,556.37. The trade was a 4.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.40% of the company's stock.

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.