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Redwood Investment Management LLC Reduces Holdings in Post Holdings, Inc. $POST

Post logo with Consumer Staples background

Key Points

  • Redwood Investment Management LLC has reduced its holdings in Post Holdings, Inc. by 25.8%, leaving it with $1.31 million in holdings.
  • CEO Nicolas Catoggio sold 1,750 shares of Post stock, representing a 3.85% decrease in his ownership, while Director William P. Stiritz increased his stake by purchasing 36,000 shares.
  • Analysts have recently adjusted their price targets for Post, with JPMorgan raising it to $131.00 and a consensus rating of "Moderate Buy" on the stock.
  • Want stock alerts on Post? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Redwood Investment Management LLC lessened its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 25.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,247 shares of the company's stock after selling 3,907 shares during the period. Redwood Investment Management LLC's holdings in Post were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Epoch Investment Partners Inc. boosted its stake in Post by 26.4% in the first quarter. Epoch Investment Partners Inc. now owns 915,487 shares of the company's stock valued at $106,526,000 after acquiring an additional 191,081 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Post in the first quarter valued at $1,308,000. Jump Financial LLC acquired a new position in Post in the first quarter valued at $355,000. AlphaQuest LLC boosted its stake in Post by 23.1% in the first quarter. AlphaQuest LLC now owns 13,665 shares of the company's stock valued at $1,590,000 after acquiring an additional 2,566 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in Post by 3.2% in the first quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company's stock valued at $391,494,000 after acquiring an additional 105,325 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Post Stock Performance

NYSE:POST traded up $1.80 during mid-day trading on Friday, reaching $113.08. The stock had a trading volume of 544,699 shares, compared to its average volume of 756,869. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 19.23 and a beta of 0.49. Post Holdings, Inc. has a twelve month low of $101.05 and a twelve month high of $125.84. The business has a 50 day simple moving average of $108.19 and a 200 day simple moving average of $111.16.

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 analysts' consensus estimates of $1.67 by $0.36. Post had a net margin of 4.62% and a return on equity of 10.80%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $1.54 EPS. The company's revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Post declared that its Board of Directors has authorized a share buyback program on Friday, August 29th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Nicolas Catoggio sold 1,750 shares of Post stock in a transaction that occurred on Thursday, June 5th. The shares were 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 directly owned 43,751 shares in the company, valued at approximately $4,767,546.47. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William P. Stiritz purchased 36,000 shares of Post stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $109.53 per share, with a total value of $3,943,080.00. Following the completion of the transaction, the director owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. This trade represents a 0.84% increase in their position. The disclosure for this purchase can be found here. 11.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

POST has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Post from $122.00 to $131.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Mizuho decreased their target price on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Piper Sandler increased their target price on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Wells Fargo & Company decreased their target price on shares of Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Post from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Four equities research 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.com, Post currently has a consensus rating of "Moderate Buy" and an average price target of $131.20.

View Our Latest Stock Analysis on Post

Post Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Post (NYSE:POST)

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