Post Holdings, Inc. (NYSE:POST) Shares Sold by London Co. of Virginia

London Co. of Virginia lessened its stake in Post Holdings, Inc. (NYSE:POST) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,340,065 shares of the company’s stock after selling 16,051 shares during the quarter. Post comprises about 1.5% of London Co. of Virginia’s holdings, making the stock its 23rd largest holding. London Co. of Virginia owned 4.02% of Post worth $267,844,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in POST. Norges Bank acquired a new stake in Post during the fourth quarter worth $108,991,000. The Manufacturers Life Insurance Company boosted its position in shares of Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company’s stock worth $112,969,000 after buying an additional 790,782 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Post during the fourth quarter worth $56,864,000. Raymond James Financial Inc. purchased a new position in shares of Post during the fourth quarter worth $36,751,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Post during the fourth quarter worth $19,576,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Activity at Post

In other Post news, CEO Nicolas Catoggio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $116.50, for a total value of $582,500.00. Following the sale, the chief executive officer now directly owns 55,501 shares in the company, valued at $6,465,866.50. This trade represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total value of $229,180.00. Following the completion of the sale, the senior vice president now owns 8,741 shares in the company, valued at approximately $1,001,631.19. This represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,096 shares of company stock worth $4,129,355. Company insiders own 11.40% of the company’s stock.

Post Trading Down 0.1%

NYSE:POST opened at $110.78 on Monday. The firm has a market cap of $6.26 billion, a PE ratio of 18.25 and a beta of 0.50. The stock has a fifty day moving average price of $113.99 and a 200 day moving average price of $112.69. Post Holdings, Inc. has a 12-month low of $99.70 and a 12-month high of $125.84. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78.

Post (NYSE:POST) last released its earnings results 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 analyst estimates of $1.98 billion. Post had a return on equity of 10.48% and a net margin of 4.94%. Post’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. Sell-side analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on POST shares. Piper Sandler raised their price target on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price target on Post from $122.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.00.

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.