Pinebridge Investments L.P. Buys 7,617 Shares of Post Holdings, Inc. (NYSE:POST)

Pinebridge Investments L.P. lifted its holdings in Post Holdings, Inc. (NYSE:POST - Free Report) by 106.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,796 shares of the company's stock after acquiring an additional 7,617 shares during the period. Pinebridge Investments L.P.'s holdings in Post were worth $1,694,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Post in the 4th quarter valued at approximately $108,991,000. Hennessy Advisors Inc. acquired a new position in Post during the fourth quarter valued at approximately $56,864,000. Raymond James Financial Inc. acquired a new position in Post during the fourth quarter valued at approximately $36,751,000. Dimensional Fund Advisors LP lifted its stake in Post by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company's stock worth $366,428,000 after purchasing an additional 70,850 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Post by 160.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,829 shares of the company's stock valued at $13,029,000 after purchasing an additional 70,205 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Post Trading Down 0.6 %

Shares of POST stock traded down $0.68 during mid-day trading on Thursday, reaching $112.49. 579,836 shares of the stock traded hands, compared to its average volume of 545,336. The stock's fifty day simple moving average is $114.24 and its two-hundred day simple moving average is $112.82. Post Holdings, Inc. has a 1-year low of $99.70 and a 1-year high of $125.84. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 18.53 and a beta of 0.52.

Post (NYSE:POST - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Diedre J. Gray sold 15,157 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $115.80, for a total value of $1,755,180.60. Following the transaction, the chief accounting officer now owns 19,325 shares in the company, valued at approximately $2,237,835. The trade was a 43.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David W. Kemper sold 8,939 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total transaction of $989,994.25. Following the sale, the director now owns 29,722 shares of the company's stock, valued at approximately $3,291,711.50. This trade represents a 23.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,096 shares of company stock valued at $4,129,355 in the last three months. Insiders own 11.40% of the company's stock.

Wall Street Analyst Weigh In

POST has been the subject of a number of research analyst reports. Piper Sandler boosted their price target on Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company increased their target price on shares of Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $127.50.

Post Company 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.