PNC Financial Services Group Inc. Sells 1,704 Shares of Post Holdings, Inc. (NYSE:POST)

PNC Financial Services Group Inc. lowered its position in Post Holdings, Inc. (NYSE:POST) by 41.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,436 shares of the company’s stock after selling 1,704 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Post were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Post by 2.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,960 shares of the company’s stock valued at $577,000 after purchasing an additional 133 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Post by 68.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company’s stock valued at $41,000 after purchasing an additional 143 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Post by 7.4% during 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 during the last quarter. Vident Advisory LLC lifted its holdings in shares of Post by 5.0% during the 4th quarter. Vident Advisory LLC now owns 3,450 shares of the company’s stock valued at $395,000 after purchasing an additional 163 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Post by 3.2% during the 1st quarter. Xponance Inc. now owns 5,608 shares of the company’s stock valued at $653,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

POST has been the subject of several analyst reports. Evercore ISI increased their price objective on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Piper Sandler increased their price objective on Post from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. Wall Street Zen upgraded Post from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Wells Fargo & Company reduced their target price on Post from $120.00 to $117.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 9th. Finally, Mizuho reduced their target price on Post from $133.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.25.

Post Stock Performance

Shares of POST stock opened at $108.55 on Friday. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 18.46 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.84. The business has a fifty day moving average of $108.32 and a 200 day moving average of $110.91. Post Holdings, Inc. has a 1 year low of $101.05 and a 1 year high of $125.84.

Post (NYSE:POST) last issued its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.36. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. As a group, research analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Insider Activity

In related news, Director William P. Stiritz purchased 186,740 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the transaction, the director owned 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $108.97, for a total value of $190,697.50. Following the sale, the chief executive officer directly owned 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 disclosure for this sale can be found here. 11.40% of the stock is currently owned by company insiders.

Post 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.