Northern Trust Corp Acquires 100,263 Shares of Post Holdings, Inc. (NYSE:POST)

Northern Trust Corp grew its position in Post Holdings, Inc. (NYSE:POST - Free Report) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447,046 shares of the company's stock after acquiring an additional 100,263 shares during the period. Northern Trust Corp owned 0.79% of Post worth $51,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of POST. Parkside Financial Bank & Trust increased its holdings in shares of Post by 6.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company's stock valued at $194,000 after purchasing an additional 103 shares in the last quarter. Savant Capital LLC increased its stake in shares of Post by 3.8% in the 4th quarter. Savant Capital LLC now owns 3,023 shares of the company's stock valued at $346,000 after buying an additional 110 shares during the period. Truist Financial Corp raised its position in shares of Post by 4.2% during the fourth quarter. Truist Financial Corp now owns 2,781 shares of the company's stock worth $318,000 after acquiring an additional 113 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Post by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,450 shares of the company's stock valued at $738,000 after acquiring an additional 160 shares during the period. Finally, Carolina Wealth Advisors LLC boosted its holdings in Post by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,750 shares of the company's stock valued at $773,000 after acquiring an additional 177 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

Post Trading Down 0.1 %

Shares of POST stock traded down $0.08 on Friday, reaching $110.78. The company had a trading volume of 1,086,611 shares, compared to its average volume of 544,610. The stock has a market cap of $6.26 billion, a PE ratio of 18.25 and a beta of 0.50. The company has a 50-day moving average of $113.99 and a 200-day moving average of $112.69. 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 Holdings, Inc. has a 12 month low of $99.70 and a 12 month high of $125.84.

Post (NYSE:POST - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. Post had a net margin of 4.94% and a return on equity of 10.48%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. On average, equities analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler upped their target price on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Post currently has an average rating of "Moderate Buy" and an average price target of $129.00.

Insider Buying and Selling

In related news, Director David W. Kemper sold 8,939 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the sale, the director now directly owns 29,722 shares of the company's stock, valued at approximately $3,291,711.50. The trade was a 23.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the transaction, the senior vice president now owns 8,741 shares of the company's stock, valued at approximately $1,001,631.19. This trade represents a 18.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,096 shares of company stock valued at $4,129,355. 11.40% of the stock is owned by company 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.