Gabelli Funds LLC Cuts Holdings in Post Holdings, Inc. (NYSE:POST)

Gabelli Funds LLC decreased its position in Post Holdings, Inc. (NYSE:POST) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,560 shares of the company’s stock after selling 200 shares during the period. Gabelli Funds LLC owned 0.35% of Post worth $23,414,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of POST. Retirement Systems of Alabama grew its position in Post by 4.7% during the third quarter. Retirement Systems of Alabama now owns 102,173 shares of the company’s stock valued at $11,827,000 after buying an additional 4,606 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of Post during the 4th quarter valued at approximately $946,000. Truist Financial Corp increased its stake in shares of Post by 4.2% during the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company’s stock worth $318,000 after purchasing an additional 113 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Post in the 3rd quarter worth approximately $733,000. Finally, Oddo BHF Asset Management Sas purchased a new position in Post in the third quarter valued at approximately $2,048,000. Institutional investors own 94.85% of the company’s stock.

Post Stock Down 1.2 %

Shares of NYSE POST opened at $117.07 on Wednesday. The business has a 50-day simple moving average of $113.89 and a two-hundred day simple moving average of $112.82. Post Holdings, Inc. has a 52 week low of $99.70 and a 52 week high of $125.84. The company has a market cap of $6.61 billion, a P/E ratio of 19.29 and a beta of 0.52. 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 posted its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, topping 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%. Research analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling

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 sale, 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 filing with the SEC, which can be accessed through this link. Also, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total transaction of $229,180.00. Following the completion of the transaction, the senior vice president now owns 8,741 shares of the company’s stock, valued at $1,001,631.19. This trade represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,096 shares of company stock worth $4,129,355. Corporate insiders own 11.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on POST shares. Wells Fargo & Company upped their price target on Post from $122.00 to $124.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Piper Sandler increased their target price 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.50.

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.