Schroder Investment Management Group boosted its stake in shares of Post Holdings, Inc. (NYSE:POST – Free Report) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,232 shares of the company’s stock after acquiring an additional 14,022 shares during the period. Schroder Investment Management Group’s holdings in Post were worth $30,447,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POST. Norges Bank bought a new position in shares of Post in the fourth quarter worth $108,991,000. Hennessy Advisors Inc. bought a new position in Post in the 4th quarter valued at about $56,864,000. Raymond James Financial Inc. acquired a new position in shares of Post in the 4th quarter valued at approximately $36,751,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Post by 160.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,829 shares of the company’s stock worth $13,029,000 after acquiring an additional 70,205 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Post by 2,907.7% during the 3rd quarter. National Bank of Canada FI now owns 68,125 shares of the company’s stock worth $7,885,000 after acquiring an additional 65,860 shares in the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.
Post Stock Up 0.6 %
Shares of NYSE:POST opened at $117.03 on Wednesday. Post Holdings, Inc. has a 52-week low of $99.62 and a 52-week high of $125.84. The company has a market capitalization of $6.61 billion, a PE ratio of 19.28 and a beta of 0.65. 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 company has a fifty day moving average of $111.66 and a 200-day moving average of $112.73.
Insider Activity at Post
In related news, CAO Diedre J. Gray sold 15,157 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the completion of the transaction, the chief accounting officer now directly owns 19,325 shares of the company’s stock, valued at $2,237,835. This trade represents a 43.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of Post 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 directly owns 8,741 shares in the company, 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 sold a total of 36,096 shares of company stock worth $4,129,355 in the last quarter. 11.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
POST has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Post from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Piper Sandler upped their price objective on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Post presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.17.
Get Our Latest Stock Report on POST
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.
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