Federated Hermes Inc. Reduces Holdings in Post Holdings, Inc. (NYSE:POST)

Federated Hermes Inc. reduced its stake in Post Holdings, Inc. (NYSE:POST) by 53.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,950 shares of the company’s stock after selling 13,461 shares during the quarter. Federated Hermes Inc.’s holdings in Post were worth $1,368,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Post in the fourth quarter valued at approximately $108,991,000. Hennessy Advisors Inc. purchased a new position in shares of Post during the fourth quarter worth $56,864,000. Raymond James Financial Inc. acquired a new position in Post during the fourth quarter valued at $36,751,000. Arrowstreet Capital Limited Partnership grew its position in Post by 160.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,829 shares of the company’s stock worth $13,029,000 after purchasing an additional 70,205 shares during the period. Finally, EULAV Asset Management raised its stake in shares of Post by 23.3% during the 4th quarter. EULAV Asset Management now owns 203,000 shares of the company’s stock valued at $23,235,000 after buying an additional 38,400 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David W. Kemper sold 8,939 shares of Post 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 owns 29,722 shares in the company, valued at approximately $3,291,711.50. This trade represents a 23.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total value of $229,180.00. Following the completion of the sale, the senior vice president now owns 8,741 shares of the company’s stock, valued at approximately $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. Insiders sold 36,096 shares of company stock worth $4,129,355 over the last three months. Insiders own 11.40% of the company’s stock.

Post Stock Up 1.3 %

POST stock opened at $118.43 on Tuesday. Post Holdings, Inc. has a 52 week low of $99.70 and a 52 week high of $125.84. 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 50-day simple moving average of $113.66 and a 200-day simple moving average of $112.79. The stock has a market capitalization of $6.69 billion, a P/E ratio of 19.51 and a beta of 0.52.

Post (NYSE:POST) last released its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.24. Post had a return on equity of 10.48% and a net margin of 4.94%. Equities analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on POST. Wells Fargo & Company raised their target price on Post from $122.00 to $124.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Piper Sandler increased their price target on shares of Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Post presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.