Natixis trimmed its position in Post Holdings, Inc. (NYSE:POST) by 32.9% during the third quarter, Holdings Channel reports. The institutional investor owned 86,000 shares of the company’s stock after selling 42,100 shares during the quarter. Natixis’ holdings in Post were worth $9,474,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CIBC Asset Management Inc boosted its position in Post by 7.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,707 shares of the company’s stock valued at $298,000 after buying an additional 194 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Post by 11.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 2,208 shares of the company’s stock valued at $244,000 after buying an additional 222 shares during the last quarter. Credit Suisse AG boosted its position in Post by 0.4% in the 3rd quarter. Credit Suisse AG now owns 56,662 shares of the company’s stock valued at $6,242,000 after buying an additional 243 shares during the last quarter. FORA Capital LLC boosted its position in Post by 71.8% in the 2nd quarter. FORA Capital LLC now owns 603 shares of the company’s stock valued at $65,000 after buying an additional 252 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new position in Post in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.
In other news, Director Thomas C. Erb purchased 2,000 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were purchased at an average price of $103.64 per share, with a total value of $207,280.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bradly A. Harper sold 1,877 shares of Post stock in a transaction dated Monday, December 6th. The shares were sold at an average price of $99.94, for a total value of $187,587.38. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
Several research analysts have recently issued reports on POST shares. Evercore ISI restated a “buy” rating on shares of Post in a research report on Tuesday, November 23rd. Zacks Investment Research upgraded Post from a “sell” rating to a “hold” rating and set a $112.00 price target on the stock in a research report on Monday, December 27th. Citigroup reduced their price target on Post from $128.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, November 24th. Finally, Truist Financial reduced their price target on Post from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, November 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $120.50.
Shares of Post stock opened at $104.10 on Monday. The company has a market capitalization of $6.51 billion, a PE ratio of 44.49 and a beta of 0.76. Post Holdings, Inc. has a 12 month low of $94.76 and a 12 month high of $118.32. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 2.51. The stock’s fifty day simple moving average is $107.80 and its 200 day simple moving average is $107.40.
Post (NYSE:POST) last issued its quarterly earnings data on Thursday, February 3rd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.05). Post had a return on equity of 5.48% and a net margin of 2.68%. During the same period last year, the company posted $0.72 EPS. Analysts predict that Post Holdings, Inc. will post 3.42 EPS for the current fiscal year.
Post Company Profile
Post Holdings, Inc operates as a consumer packaged goods holding company. The firm engages in the operation of center-of-the-store, refrigerated, food service, food ingredient, active nutrition and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail and BellRing Brands.
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