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

Ethic Inc. decreased its stake in Post Holdings, Inc. (NYSE:POST) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in Post during the 4th quarter worth approximately $54,000. Eagle Bay Advisors LLC acquired a new position in shares of Post during the fourth quarter worth $75,000. Parkside Financial Bank & Trust grew its stake in shares of Post by 6.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after purchasing an additional 103 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in Post in the fourth quarter valued at $202,000. Finally, CIBC Asset Management Inc acquired a new stake in Post in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Stock Performance

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

Post (NYSE:POST) last announced its earnings results on Thursday, May 8th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. Post had a return on equity of 10.48% and a net margin of 4.94%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. As a group, analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current year.

Insider Transactions at Post

In related news, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total transaction of $229,180.00. Following the transaction, the senior vice president now directly owns 8,741 shares of the company’s stock, valued at approximately $1,001,631.19. This represents a 18.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Diedre J. Gray sold 15,157 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $115.80, for a total value of $1,755,180.60. Following the completion of the sale, the chief accounting officer now directly owns 19,325 shares of the company’s stock, valued at $2,237,835. This trade represents a 43.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,157 shares of company stock valued at $3,139,361 in the last quarter. 11.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on POST. Piper Sandler lifted their target price 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 reduced their target price on Post from $124.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.20.

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.