The Manufacturers Life Insurance Company Raises Stake in Post Holdings, Inc. (NYSE:POST)

The Manufacturers Life Insurance Company increased its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 403.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 986,975 shares of the company's stock after acquiring an additional 790,782 shares during the period. The Manufacturers Life Insurance Company owned about 1.75% of Post worth $112,969,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of POST. Fortitude Family Office LLC increased its holdings in Post by 426.0% during the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company's stock valued at $30,000 after purchasing an additional 213 shares during the period. Sound Income Strategies LLC bought a new position in shares of Post during the fourth quarter valued at $54,000. Eagle Bay Advisors LLC purchased a new position in shares of Post in the 4th quarter worth about $75,000. Versant Capital Management Inc grew its position in Post by 71.3% during the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company's stock valued at $106,000 after purchasing an additional 387 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Post by 6.5% during the 4th 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. 94.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Post

In related news, CEO Nicolas Catoggio sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was 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 directly owns 55,501 shares in the company, valued at $6,465,866.50. This trade represents a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $229,180.00. Following the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 36,096 shares of company stock valued at $4,129,355 over the last 90 days. 11.40% of the stock is owned by corporate insiders.

Post Price Performance

Shares of Post stock traded up $0.49 on Friday, hitting $112.94. 479,718 shares of the company traded hands, compared to its average volume of 540,724. Post Holdings, Inc. has a 52 week low of $99.70 and a 52 week high of $125.84. The business has a 50-day simple moving average of $114.19 and a 200 day simple moving average of $112.80. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. The stock has a market capitalization of $6.38 billion, a P/E ratio of 18.61 and a beta of 0.50.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. Research analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Piper Sandler increased their price target on Post from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One equities research 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 has an average rating of "Moderate Buy" and a consensus target price of $127.50.

About Post

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.