Wallace Capital Management Inc. Sells 2,155 Shares of Post Holdings, Inc. (NYSE:POST)

Wallace Capital Management Inc. cut its stake in Post Holdings, Inc. (NYSE:POST) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 129,346 shares of the company’s stock after selling 2,155 shares during the quarter. Post makes up about 2.0% of Wallace Capital Management Inc.’s holdings, making the stock its 12th biggest holding. Wallace Capital Management Inc.’s holdings in Post were worth $14,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust increased its holdings in shares of Post by 6.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after buying an additional 103 shares in the last quarter. Savant Capital LLC increased its holdings in Post by 3.8% during the 4th quarter. Savant Capital LLC now owns 3,023 shares of the company’s stock valued at $346,000 after purchasing an additional 110 shares in the last quarter. Truist Financial Corp raised its position in Post by 4.2% in the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company’s stock valued at $318,000 after purchasing an additional 113 shares during the last quarter. ProShare Advisors LLC boosted its stake in Post by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 2,215 shares of the company’s stock worth $254,000 after purchasing an additional 152 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Post by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,450 shares of the company’s stock worth $738,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

POST has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Post from $124.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Piper Sandler upped their target price on shares of Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.20.

Post Price Performance

Shares of POST stock opened at $109.89 on Tuesday. 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 12 month low of $99.70 and a 12 month high of $125.84. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 18.10 and a beta of 0.50. The stock has a 50-day moving average price of $113.43 and a 200 day moving average price of $112.67.

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

Insider Buying and Selling at Post

In related news, CAO Diedre J. Gray sold 15,157 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 owns 19,325 shares in the company, valued at approximately $2,237,835. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Nicolas Catoggio sold 5,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $116.50, for a total value of $582,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,501 shares in the company, valued at $6,465,866.50. The trade was a 8.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,157 shares of company stock worth $3,139,361. Insiders own 11.40% of the company’s stock.

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.