Mackenzie Financial Corp Purchases 4,813 Shares of Post Holdings, Inc. (NYSE:POST)

Mackenzie Financial Corp raised its position in Post Holdings, Inc. (NYSE:POSTGet Rating) by 27.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,261 shares of the company’s stock after buying an additional 4,813 shares during the quarter. Mackenzie Financial Corp’s holdings in Post were worth $1,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Post by 7.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,755,363 shares of the company’s stock valued at $260,096,000 after purchasing an additional 267,180 shares during the last quarter. Clarkston Capital Partners LLC grew its holdings in shares of Post by 101.6% during the 1st quarter. Clarkston Capital Partners LLC now owns 2,691,276 shares of the company’s stock valued at $186,398,000 after purchasing an additional 1,356,326 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Post by 1.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,773,921 shares of the company’s stock valued at $122,862,000 after purchasing an additional 32,023 shares during the last quarter. State Street Corp grew its holdings in shares of Post by 4.4% during the 1st quarter. State Street Corp now owns 1,583,889 shares of the company’s stock valued at $109,700,000 after purchasing an additional 67,317 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Post by 12.5% during the 2nd quarter. Iridian Asset Management LLC CT now owns 792,926 shares of the company’s stock valued at $65,297,000 after purchasing an additional 87,909 shares during the last quarter. 90.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on POST shares. BMO Capital Markets lifted their price target on shares of Post from $96.00 to $99.00 and gave the company a “market perform” rating in a report on Monday. Piper Sandler cut their target price on shares of Post to $107.00 in a research report on Thursday, October 13th. StockNews.com upgraded shares of Post from a “hold” rating to a “buy” rating in a research report on Monday. Stifel Nicolaus lifted their target price on shares of Post from $95.00 to $100.00 in a research report on Monday, August 8th. Finally, Evercore ISI lifted their target price on shares of Post to $98.00 in a research report on Monday, August 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Post Stock Up 1.5 %

Shares of NYSE POST opened at $93.83 on Wednesday. The company has a market capitalization of $5.50 billion, a P/E ratio of 7.70 and a beta of 0.64. Post Holdings, Inc. has a 52-week low of $62.83 and a 52-week high of $93.87. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.03 and a current ratio of 2.70. The company’s 50 day moving average price is $86.55 and its 200-day moving average price is $84.77.

Insider Transactions at Post

In related news, CEO Nicolas Catoggio sold 2,211 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $91.58, for a total transaction of $202,483.38. Following the transaction, the chief executive officer now owns 51,770 shares in the company, valued at approximately $4,741,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Nicolas Catoggio sold 2,211 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $91.58, for a total transaction of $202,483.38. Following the transaction, the chief executive officer now owns 51,770 shares in the company, valued at approximately $4,741,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Harshman sold 300 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $91.66, for a total transaction of $27,498.00. Following the transaction, the director now owns 8,972 shares in the company, valued at approximately $822,373.52. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

Post Profile

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Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

Further Reading

Institutional Ownership by Quarter for Post (NYSE:POST)

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