Exchange Traded Concepts LLC Increases Position in Post Holdings, Inc. (NYSE:POST)

Exchange Traded Concepts LLC raised its position in Post Holdings, Inc. (NYSE:POST) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,922 shares of the company’s stock after purchasing an additional 472 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Post were worth $805,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Post by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company’s stock worth $588,359,000 after purchasing an additional 13,272 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Post by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company’s stock valued at $366,428,000 after acquiring an additional 70,850 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Post by 53.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company’s stock valued at $119,646,000 after acquiring an additional 364,006 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Post by 403.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company’s stock valued at $112,969,000 after acquiring an additional 790,782 shares during the period. Finally, Norges Bank acquired a new position in shares of Post during the 4th quarter worth approximately $108,991,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho cut their price target on Post from $133.00 to $127.00 and set an “outperform” rating for the company in a report on Wednesday, May 28th. Evercore ISI raised their target price on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Wells Fargo & Company reduced their target price on shares of Post from $124.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Finally, Piper Sandler lifted their price target 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 given a buy rating to the stock. According to data from MarketBeat.com, Post presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.50.

Post Price Performance

Shares of POST opened at $112.42 on Friday. Post Holdings, Inc. has a twelve month low of $101.51 and a twelve month high of $125.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.43 and a current ratio of 2.13. The firm’s 50 day moving average price is $111.67 and its 200 day moving average price is $112.27. The firm has a market cap of $6.26 billion, a PE ratio of 20.00 and a beta of 0.49.

Post (NYSE:POST) last released its earnings results on Thursday, May 8th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.23. Post had a net margin of 4.53% and a return on equity of 10.24%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company earned $1.51 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Buying and Selling at Post

In related news, CEO Nicolas Catoggio sold 1,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $108.97, for a total value of $190,697.50. Following the transaction, the chief executive officer now directly owns 43,751 shares in the company, valued at $4,767,546.47. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William P. Stiritz bought 186,740 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the completion of the acquisition, the director now owns 4,298,667 shares of the company’s stock, valued at approximately $469,027,556.37. This trade represents a 4.54% increase in their position. The disclosure for this purchase can be found here. Company 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.