Post Holdings, Inc. (NYSE:POST) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lessened its stake in shares of Post Holdings, Inc. (NYSE:POST) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,262,168 shares of the company’s stock after selling 182,472 shares during the quarter. Diamond Hill Capital Management Inc. owned about 2.17% of Post worth $144,468,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Holocene Advisors LP grew its position in Post by 21.0% in the third quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after buying an additional 244,221 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Post in the fourth quarter worth approximately $56,864,000. Raymond James Financial Inc. acquired a new position in Post in the fourth quarter worth approximately $36,751,000. Charles Schwab Investment Management Inc. grew its position in Post by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,585 shares of the company’s stock worth $36,694,000 after buying an additional 964 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Post by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 237,279 shares of the company’s stock worth $27,159,000 after buying an additional 10,767 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Post from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Evercore ISI raised their price objective on shares of Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Piper Sandler raised their price objective on shares of Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Post currently has an average rating of “Moderate Buy” and a consensus price target of $127.17.

Post Trading Down 0.4 %

Shares of NYSE:POST opened at $111.53 on Friday. The firm has a fifty day moving average of $110.27 and a two-hundred day moving average of $113.00. The firm has a market capitalization of $6.30 billion, a P/E ratio of 18.37 and a beta of 0.65. Post Holdings, Inc. has a 12-month low of $99.62 and a 12-month high of $125.84. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78.

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

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $116.50, for a total transaction of $582,500.00. Following the transaction, the chief executive officer now owns 55,501 shares in the company, valued at approximately $6,465,866.50. This trade represents a 8.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David W. Kemper sold 8,939 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total transaction of $989,994.25. Following the transaction, the director now owns 29,722 shares in the company, valued at $3,291,711.50. This represents a 23.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock valued at $4,129,355 in the last quarter. Company insiders own 11.40% of the company’s stock.

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.