Geode Capital Management LLC Cuts Stock Holdings in Post Holdings, Inc. (NYSE:POST)

Geode Capital Management LLC reduced its position in Post Holdings, Inc. (NYSE:POST) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 801,270 shares of the company’s stock after selling 21,122 shares during the period. Geode Capital Management LLC owned about 1.37% of Post worth $92,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Post by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,063,104 shares of the company’s stock valued at $319,052,000 after buying an additional 27,448 shares in the last quarter. Holocene Advisors LP lifted its holdings in Post by 21.0% during the third quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock valued at $162,663,000 after purchasing an additional 244,221 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Post by 51.4% during the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock worth $128,863,000 after purchasing an additional 419,945 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Post by 3.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 874,320 shares of the company’s stock worth $91,069,000 after purchasing an additional 32,188 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Post by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 226,512 shares of the company’s stock worth $26,219,000 after purchasing an additional 2,879 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Post

In related 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 value 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 approximately $8,540,491.14. This represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeff A. Zadoks sold 28,969 shares of Post stock in a transaction dated 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 transaction, the chief operating officer now directly owns 67,788 shares in the company, valued at $8,131,848.48. This trade represents a 29.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,969 shares of company stock valued at $4,322,051. 10.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on POST. Evercore ISI lifted their price objective on Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company lowered their price target on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Post has an average rating of “Moderate Buy” and an average price target of $124.17.

Post Stock Down 0.6 %

POST stock opened at $114.37 on Friday. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 20.28 and a beta of 0.66. The firm has a 50-day moving average of $113.97 and a two-hundred day moving average of $111.61. Post Holdings, Inc. has a 12 month low of $86.67 and a 12 month high of $125.84. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66.

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.