Geode Capital Management LLC Has $90.99 Million Holdings in Post Holdings, Inc. (NYSE:POST)

Geode Capital Management LLC trimmed its holdings in Post Holdings, Inc. (NYSE:POST) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 794,721 shares of the company’s stock after selling 6,549 shares during the period. Geode Capital Management LLC’s holdings in Post were worth $90,993,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have issued reports on POST. Wells Fargo & Company lifted their price target on Post from $122.00 to $124.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. Piper Sandler lifted their target price on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insiders Place Their Bets

In related news, Director David W. Kemper sold 8,939 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total transaction of $989,994.25. Following the transaction, the director now directly owns 29,722 shares of the company’s stock, valued at approximately $3,291,711.50. The trade was a 23.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $582,500.00. Following the sale, the chief executive officer now directly owns 55,501 shares of the company’s stock, valued at $6,465,866.50. This represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,096 shares of company stock valued at $4,129,355. 11.40% of the stock is currently owned by corporate insiders.

Post Price Performance

Shares of NYSE POST opened at $115.68 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The business has a 50-day moving average of $113.15 and a 200-day moving average of $112.79. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 19.06 and a beta of 0.52. Post Holdings, Inc. has a fifty-two week low of $99.62 and a fifty-two week high of $125.84.

Post (NYSE:POST) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.24. Post had a return on equity of 10.48% and a net margin of 4.94%. As a group, sell-side analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

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.