Carnegie Investment Counsel Raises Stock Holdings in Post Holdings, Inc. (NYSE:POST)

Carnegie Investment Counsel raised its position in shares of Post Holdings, Inc. (NYSE:POST) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,199 shares of the company’s stock after buying an additional 7,344 shares during the quarter. Carnegie Investment Counsel owned about 0.15% of Post worth $10,095,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Holocene Advisors LP boosted its position in shares of Post by 21.0% in the 3rd quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after purchasing an additional 244,221 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Post by 51.4% during the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock valued at $128,863,000 after buying an additional 419,945 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Post by 1.3% in the third quarter. Victory Capital Management Inc. now owns 226,512 shares of the company’s stock worth $26,219,000 after acquiring an additional 2,879 shares in the last quarter. Braun Stacey Associates Inc. purchased a new stake in shares of Post in the third quarter worth $23,089,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Post by 352.0% in the third quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company’s stock worth $22,709,000 after acquiring an additional 152,791 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Post Stock Performance

Shares of NYSE POST opened at $107.67 on Friday. The firm’s 50-day moving average price is $113.64 and its 200-day moving average price is $112.71. Post Holdings, Inc. has a 52-week low of $91.09 and a 52-week high of $125.84. The company has a market cap of $6.26 billion, a PE ratio of 19.09 and a beta of 0.66. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66.

Insider Buying and Selling

In other news, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $121.14, for a total transaction of $726,840.00. Following the completion of the sale, the chief executive officer now owns 70,501 shares of the company’s stock, valued at $8,540,491.14. This represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeff A. Zadoks sold 28,969 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the completion of the transaction, the chief operating officer now directly owns 67,788 shares in the company, valued at approximately $8,131,848.48. The trade was a 29.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,969 shares of company stock worth $4,322,051. 11.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI upped their price target 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. Wells Fargo & Company dropped their target price on shares of Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 19th. Finally, Piper Sandler reduced their price target on shares of Post from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.57.

About Post

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.