Legal & General Group Plc Sells 8,483 Shares of Post Holdings, Inc. (NYSE:POST)

Legal & General Group Plc cut its holdings in Post Holdings, Inc. (NYSE:POST) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,028 shares of the company’s stock after selling 8,483 shares during the period. Legal & General Group Plc owned 0.13% of Post worth $8,588,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fortitude Family Office LLC raised its stake in shares of Post by 426.0% during the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock valued at $30,000 after purchasing an additional 213 shares during the period. Sound Income Strategies LLC bought a new position in shares of Post in the fourth quarter valued at approximately $54,000. Eagle Bay Advisors LLC purchased a new position in Post during the fourth quarter valued at approximately $75,000. Versant Capital Management Inc increased its holdings in Post by 71.3% during the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company’s stock worth $106,000 after acquiring an additional 387 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Post by 6.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock valued at $194,000 after purchasing an additional 103 shares during the period. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on POST. Wells Fargo & Company increased their price objective on Post from $122.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. Piper Sandler upped their price objective on shares of Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Post Price Performance

POST stock opened at $115.01 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. The firm has a 50 day moving average price of $114.11 and a 200-day moving average price of $112.82. Post Holdings, Inc. has a 52-week low of $99.70 and a 52-week high of $125.84. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.95 and a beta of 0.52.

Post (NYSE:POST) last issued its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. Equities research analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Activity at Post

In other news, SVP Bradly A. Harper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the transaction, the senior vice president now directly owns 8,741 shares in the company, valued at $1,001,631.19. The trade was a 18.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Diedre J. Gray sold 15,157 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the sale, the chief accounting officer now directly owns 19,325 shares of the company’s stock, valued at approximately $2,237,835. This trade represents a 43.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,096 shares of company stock worth $4,129,355 over the last quarter. Company insiders own 11.40% of the company’s stock.

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.