M&T Bank Corp Sells 710 Shares of Post Holdings, Inc. (NYSE:POST)

M&T Bank Corp lessened its holdings in Post Holdings, Inc. (NYSE:POST) by 23.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,340 shares of the company’s stock after selling 710 shares during the quarter. M&T Bank Corp’s holdings in Post were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its stake in Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company’s stock worth $56,000 after purchasing an additional 318 shares during the period. Envestnet Asset Management Inc. grew its holdings in Post by 12.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 302,241 shares of the company’s stock valued at $35,169,000 after buying an additional 32,995 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Post by 7.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company’s stock worth $805,000 after acquiring an additional 472 shares during the period. ProShare Advisors LLC raised its position in shares of Post by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 2,215 shares of the company’s stock valued at $254,000 after purchasing an additional 152 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Post by 27.3% during the 1st quarter. Fifth Third Bancorp now owns 829 shares of the company’s stock valued at $96,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analysts Set New Price Targets

POST has been the subject of several analyst reports. Piper Sandler upped their target price on Post from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. Evercore ISI boosted their price target on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Wells Fargo & Company decreased their price target on Post from $120.00 to $117.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Finally, Mizuho lowered 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Post currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Transactions at Post

In other Post news, Director William P. Stiritz bought 186,740 shares of Post stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the acquisition, the director directly owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. This trade represents a 4.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicolas Catoggio sold 1,750 shares of Post stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $108.97, for a total transaction of $190,697.50. Following the completion of the sale, the chief executive officer owned 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. 11.40% of the stock is owned by corporate insiders.

Post Stock Up 2.0%

Shares of NYSE:POST opened at $107.53 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.43 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $5.99 billion, a P/E ratio of 19.13 and a beta of 0.48. Post Holdings, Inc. has a 12-month low of $103.33 and a 12-month high of $125.84. The stock’s 50-day moving average price is $109.54 and its 200-day moving average price is $111.20.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.23. The firm had revenue of $1.95 billion during 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 company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 EPS. On average, equities analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

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.