London Co. of Virginia Cuts Stock Holdings in Post Holdings, Inc. (NYSE:POST)

London Co. of Virginia trimmed its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,340,065 shares of the company's stock after selling 16,051 shares during the quarter. Post accounts for 1.5% of London Co. of Virginia's holdings, making the stock its 23rd biggest position. London Co. of Virginia owned approximately 4.02% of Post worth $267,844,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Post by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company's stock valued at $588,359,000 after acquiring an additional 13,272 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Post by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company's stock valued at $366,428,000 after purchasing an additional 70,850 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Post by 403.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock worth $112,969,000 after purchasing an additional 790,782 shares during the last quarter. Norges Bank bought a new stake in shares of Post during the 4th quarter worth approximately $108,991,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Post during the 4th quarter worth approximately $56,864,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on POST shares. Piper Sandler increased their price target on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Wells Fargo & Company cut their target price on shares of Post from $124.00 to $120.00 and set an "equal weight" rating for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $128.20.

Insider Activity

In other Post news, CAO Diedre J. Gray sold 15,157 shares of the business's stock in a transaction on Friday, February 21st. The stock was 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 of the company's stock, valued at approximately $2,237,835. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicolas Catoggio sold 5,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $116.50, for a total value of $582,500.00. Following the completion of the sale, the chief executive officer now owns 55,501 shares in the company, valued at approximately $6,465,866.50. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,157 shares of company stock worth $3,139,361 in the last three months. Company insiders own 11.40% of the company's stock.

Post Price Performance

NYSE POST traded up $2.14 during trading on Thursday, hitting $110.41. 719,413 shares of the company's stock were exchanged, compared to its average volume of 550,113. The company has a market cap of $6.24 billion, a PE ratio of 18.19 and a beta of 0.50. 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 fifty-two week low of $99.70 and a fifty-two week high of $125.84. The stock's 50 day moving average price is $113.53 and its two-hundred day moving average price is $112.61.

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

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.