Ethic Inc. Sells 1,231 Shares of Post Holdings, Inc. (NYSE:POST)

Ethic Inc. reduced its stake in shares of Post Holdings, Inc. (NYSE:POST) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,613 shares of the company’s stock after selling 1,231 shares during the period. Ethic Inc.’s holdings in Post were worth $1,100,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of POST. Sound Income Strategies LLC bought a new stake in Post in the 4th quarter worth about $54,000. Eagle Bay Advisors LLC bought a new position in shares of Post during the 4th quarter worth approximately $75,000. Parkside Financial Bank & Trust boosted its stake in shares of Post by 6.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after buying an additional 103 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Post in the fourth quarter valued at approximately $202,000. Finally, CIBC Asset Management Inc bought a new position in shares of Post in the fourth quarter valued at approximately $206,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

POST has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company decreased their target price on Post from $124.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Post currently has an average rating of “Moderate Buy” and an average target price of $128.20.

Post Trading Down 0.1%

Shares of POST stock opened at $108.94 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. The firm has a market cap of $6.15 billion, a P/E ratio of 17.95 and a beta of 0.50. The company has a 50 day moving average of $113.90 and a 200-day moving average of $112.67. Post Holdings, Inc. has a 12-month low of $99.70 and a 12-month high of $125.84.

Post (NYSE:POST) last released its earnings results on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.23. Post had a return on equity of 10.48% and a net margin of 4.94%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $1.51 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Insider Buying and Selling

In other Post news, CAO Diedre J. Gray sold 15,157 shares of the 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 sale, the chief accounting officer now owns 19,325 shares in the company, valued at $2,237,835. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Bradly A. Harper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the completion of the transaction, the senior vice president now directly owns 8,741 shares of the company’s stock, valued at $1,001,631.19. The trade was a 18.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,157 shares of company stock valued at $3,139,361. 11.40% of the stock is owned by insiders.

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.