Post Holdings, Inc. (NYSE:POST) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its position in Post Holdings, Inc. (NYSE:POST) by 27.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 829 shares of the company’s stock after buying an additional 178 shares during the period. Fifth Third Bancorp’s holdings in Post were worth $96,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Post by 68.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company’s stock worth $41,000 after acquiring an additional 143 shares during the last quarter. True Wealth Design LLC boosted its stake in Post by 281.2% during the 4th quarter. True Wealth Design LLC now owns 385 shares of the company’s stock worth $44,000 after purchasing an additional 284 shares during the period. Parallel Advisors LLC lifted its stake in shares of Post by 112.8% in the 1st quarter. Parallel Advisors LLC now owns 717 shares of the company’s stock worth $83,000 after acquiring an additional 380 shares during the period. Versant Capital Management Inc lifted its stake in shares of Post by 24.6% in the 1st quarter. Versant Capital Management Inc now owns 1,159 shares of the company’s stock worth $135,000 after acquiring an additional 229 shares during the period. Finally, State of Wyoming lifted its stake in shares of Post by 33.1% in the 4th quarter. State of Wyoming now owns 1,183 shares of the company’s stock worth $135,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on POST. Wells Fargo & Company reduced their price objective on shares of Post from $124.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Evercore ISI lifted their price target on shares of Post from $130.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Mizuho lowered their price objective on shares of Post from $133.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, May 28th. Finally, Piper Sandler boosted their price objective on shares of Post from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Post has a consensus rating of “Moderate Buy” and a consensus target price of $130.50.

Post Stock Performance

Shares of POST opened at $112.64 on Friday. The firm’s 50 day moving average is $111.76 and its 200-day moving average is $112.32. The stock has a market capitalization of $6.28 billion, a P/E ratio of 20.04 and a beta of 0.49. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.13 and a quick ratio of 1.43. Post Holdings, Inc. has a 12-month low of $101.51 and a 12-month high of $125.84.

Post (NYSE:POST) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.23. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. Post had a net margin of 4.53% and a return on equity of 10.24%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 earnings per share. Equities research analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Activity at Post

In other news, Director William P. Stiritz bought 186,740 shares of the stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the acquisition, the director now owns 4,298,667 shares in the company, valued at $469,027,556.37. This trade represents a 4.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicolas Catoggio sold 1,750 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $108.97, for a total transaction of $190,697.50. Following the transaction, the chief executive officer now owns 43,751 shares in the company, valued at approximately $4,767,546.47. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.40% of the company’s stock.

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.