Federated Hermes Inc. Sells 1,393 Shares of Post Holdings, Inc. (NYSE:POST)

Federated Hermes Inc. cut its position in shares of Post Holdings, Inc. (NYSE:POST) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,629 shares of the company’s stock after selling 1,393 shares during the period. Federated Hermes Inc.’s holdings in Post were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in Post by 24.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 22,711 shares of the company’s stock worth $1,947,000 after acquiring an additional 4,393 shares during the period. Raymond James & Associates increased its holdings in Post by 11.4% during the third quarter. Raymond James & Associates now owns 396,363 shares of the company’s stock valued at $33,984,000 after buying an additional 40,567 shares during the period. Brown Advisory Inc. raised its stake in Post by 4.7% in the third quarter. Brown Advisory Inc. now owns 22,755 shares of the company’s stock worth $1,951,000 after buying an additional 1,014 shares in the last quarter. Strs Ohio raised its stake in Post by 4.7% in the third quarter. Strs Ohio now owns 16,376 shares of the company’s stock worth $1,404,000 after buying an additional 734 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Post during the third quarter worth $484,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Post from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Mizuho raised their price target on shares of Post from $110.00 to $128.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Barclays boosted their price objective on shares of Post from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Post presently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Insider Activity

In related news, CAO Diedre J. Gray sold 7,297 shares of Post stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.51, for a total transaction of $762,609.47. Following the completion of the sale, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at $5,337,639.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Post news, Director Thomas C. Erb purchased 1,000 shares of the stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $104.24 per share, with a total value of $104,240.00. Following the completion of the acquisition, the director now owns 33,475 shares in the company, valued at $3,489,434. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Diedre J. Gray sold 7,297 shares of Post stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $104.51, for a total value of $762,609.47. Following the transaction, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at approximately $5,337,639.23. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.

Post Stock Down 2.1 %

POST stock opened at $102.65 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.99 and a debt-to-equity ratio of 1.60. Post Holdings, Inc. has a 52 week low of $78.85 and a 52 week high of $108.17. The stock has a market capitalization of $6.23 billion, a PE ratio of 22.03 and a beta of 0.65. The firm has a 50 day moving average of $104.04 and a 200 day moving average of $95.15.

Post (NYSE:POST) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.22. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Post had a net margin of 4.03% and a return on equity of 10.51%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Sell-side analysts forecast that Post Holdings, Inc. will post 5.52 earnings per share for the current year.

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.