Carnegie Investment Counsel Buys 7,344 Shares of Post Holdings, Inc. (NYSE:POST)

Carnegie Investment Counsel grew its stake in Post Holdings, Inc. (NYSE:POST) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 88,199 shares of the company’s stock after buying an additional 7,344 shares during the period. Carnegie Investment Counsel’s holdings in Post were worth $10,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Holocene Advisors LP increased its holdings in Post by 21.0% in the 3rd quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after acquiring an additional 244,221 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Post by 51.4% in the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock worth $128,863,000 after purchasing an additional 419,945 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Post by 1.3% in the third quarter. Victory Capital Management Inc. now owns 226,512 shares of the company’s stock worth $26,219,000 after purchasing an additional 2,879 shares in the last quarter. Braun Stacey Associates Inc. bought a new stake in shares of Post during the 3rd quarter valued at $23,089,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Post by 352.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company’s stock worth $22,709,000 after buying an additional 152,791 shares during the period. Institutional investors own 94.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price target on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 19th. Piper Sandler decreased their target price on Post from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Evercore ISI upped their price target on Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Post Price Performance

NYSE:POST opened at $107.67 on Friday. The business’s 50-day moving average is $113.64 and its 200 day moving average is $112.71. Post Holdings, Inc. has a 12 month low of $91.09 and a 12 month high of $125.84. The company has a market capitalization of $6.26 billion, a P/E ratio of 19.09 and a beta of 0.66. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66.

Insiders Place Their Bets

In other Post news, COO Jeff A. Zadoks sold 28,969 shares of Post stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $119.96, for a total value of $3,475,121.24. Following the completion of the transaction, the chief operating officer now directly owns 67,788 shares of the company’s stock, valued at $8,131,848.48. This trade represents a 29.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Bradly A. Harper sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $120.09, for a total transaction of $120,090.00. Following the sale, the senior vice president now owns 11,220 shares in the company, valued at $1,347,409.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,969 shares of company stock valued at $4,322,051 in the last quarter. 11.40% of the stock is currently owned by insiders.

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.