Raymond James Financial Inc. Decreases Stake in Post Holdings, Inc. $POST

Key Points

• Raymond James Financial Inc. has decreased its stake in Post Holdings by 9.4%, now holding about 290,773 shares worth $33.83 million as of their latest filing.
• Other institutional investors such as Vanguard Group Inc. and Point72 Asset Management have recently increased their stakes in the company, with Vanguard boosting its holdings by 5.4% and Point72 by 53.4%.
• Analysts have varied opinions on Post, with Piper Sandler raising their price target from $140 to $150 and JPMorgan initiating coverage with an "overweight" rating and a target of $122.

Raymond James Financial Inc. lowered its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 290,773 shares of the company's stock after selling 30,306 shares during the quarter. Raymond James Financial Inc. owned about 0.51% of Post worth $33,834,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Post by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock worth $630,448,000 after acquiring an additional 277,786 shares during the period. Point72 Asset Management L.P. boosted its holdings in Post by 53.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock worth $119,646,000 after acquiring an additional 364,006 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Post by 403.1% in 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 during the period. Northern Trust Corp boosted its holdings in Post by 28.9% in the 4th quarter. Northern Trust Corp now owns 447,046 shares of the company's stock worth $51,169,000 after acquiring an additional 100,263 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Post by 23.2% in the 1st quarter. TD Asset Management Inc now owns 425,944 shares of the company's stock worth $49,563,000 after acquiring an additional 80,139 shares during the period. Hedge funds and other institutional investors own 94.85% of the company's stock.

Insider Buying and Selling at Post

In related 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William P. Stiritz acquired 186,740 shares of Post stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the completion of the purchase, the director directly owned 4,298,667 shares of the company's stock, 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.

Analyst Ratings Changes

POST has been the subject of a number of analyst reports. Piper Sandler upped their price target on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. initiated coverage on Post in a report on Wednesday. They issued an "overweight" rating and a $122.00 price target for the company. Wall Street Zen upgraded Post from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Wells Fargo & Company cut their target price on Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. Finally, Mizuho cut their target price on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.40.

Post Stock Performance

Shares of POST opened at $114.1660 on Friday. The business's 50 day moving average is $108.21 and its two-hundred day moving average is $111.08. Post Holdings, Inc. has a 52-week low of $101.05 and a 52-week high of $125.84. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 19.42 and a beta of 0.49. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83.

Post (NYSE:POST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.36. Post had a return on equity of 10.80% and a net margin of 4.62%.The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $1.54 EPS. The business's revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

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.

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