Corebridge Financial Inc. Sells 2,404 Shares of Post Holdings, Inc. (NYSE:POST)

Corebridge Financial Inc. lessened its stake in shares of Post Holdings, Inc. (NYSE:POST) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,577 shares of the company’s stock after selling 2,404 shares during the quarter. Corebridge Financial Inc.’s holdings in Post were worth $6,132,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in POST. Fortitude Family Office LLC increased its stake in shares of Post by 426.0% during the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock worth $30,000 after purchasing an additional 213 shares during the last quarter. Quarry LP increased its position in Post by 244.9% in the third quarter. Quarry LP now owns 338 shares of the company’s stock worth $39,000 after buying an additional 240 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Post during the 4th quarter valued at $54,000. Eagle Bay Advisors LLC bought a new position in shares of Post during the 4th quarter worth $75,000. Finally, Versant Capital Management Inc increased its holdings in Post by 71.3% in the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company’s stock worth $106,000 after acquiring an additional 387 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Post Trading Down 0.6 %

Shares of POST opened at $115.01 on Friday. The business’s 50-day moving average price is $111.31 and its 200-day moving average price is $112.72. 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 Holdings, Inc. has a twelve month low of $99.62 and a twelve month high of $125.84. The stock has a market cap of $6.50 billion, a PE ratio of 18.95 and a beta of 0.65.

Post (NYSE:POST) last posted its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Activity at Post

In other news, 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 sale, the director now owns 29,722 shares in the company, valued at approximately $3,291,711.50. This trade represents a 23.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Diedre J. Gray sold 15,157 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the completion of the transaction, the chief accounting officer now owns 19,325 shares of the company’s stock, valued at $2,237,835. This trade represents a 43.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,096 shares of company stock valued at $4,129,355. Company insiders own 11.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on POST shares. Piper Sandler upped their price objective on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 10th. 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 report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.17.

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.