Freestone Grove Partners LP Takes $19.58 Million Position in Post Holdings, Inc. (NYSE:POST)

Freestone Grove Partners LP purchased a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 171,032 shares of the company's stock, valued at approximately $19,576,000. Freestone Grove Partners LP owned 0.30% of Post as of its most recent SEC filing.

A number of other large investors have also modified their holdings of POST. Retirement Systems of Alabama increased its holdings in shares of Post by 4.7% in the 3rd quarter. Retirement Systems of Alabama now owns 102,173 shares of the company's stock valued at $11,827,000 after acquiring an additional 4,606 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Post during the 4th quarter worth approximately $946,000. Truist Financial Corp boosted its holdings in shares of Post by 4.2% in the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company's stock valued at $318,000 after buying an additional 113 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Post in the 3rd quarter valued at $733,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in Post during the 3rd quarter worth $2,048,000. Hedge funds and other institutional investors own 94.85% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on POST. Wells Fargo & Company boosted their target price on Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Piper Sandler boosted their price target on Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.50.

Post Price Performance

Shares of Post stock traded down $0.92 during trading on Tuesday, reaching $112.68. The company's stock had a trading volume of 447,528 shares, compared to its average volume of 538,982. The business has a 50 day moving average price of $114.15 and a 200-day moving average price of $112.72. Post Holdings, Inc. has a 12-month low of $99.70 and a 12-month high of $125.84. The company has a market capitalization of $6.36 billion, a P/E ratio of 18.56 and a beta of 0.50. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78.

Post (NYSE:POST - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. As a group, sell-side analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current year.

Insider Activity at Post

In other news, SVP Bradly A. Harper sold 2,000 shares of Post stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the completion of the sale, the senior vice president now owns 8,741 shares of the company's stock, valued at $1,001,631.19. The trade was a 18.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicolas Catoggio sold 5,000 shares of Post stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $114.50, for a total value of $572,500.00. Following the completion of the sale, the chief executive officer now owns 50,501 shares of the company's stock, valued at $5,782,364.50. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,096 shares of company stock valued at $4,129,355. 11.40% of the stock is owned by corporate insiders.

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.