Bridgewater Associates LP Lowers Stock Holdings in Post Holdings, Inc. (NYSE:POST)

Bridgewater Associates LP lessened its position in Post Holdings, Inc. (NYSE:POST) by 82.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,444 shares of the company’s stock after selling 40,648 shares during the quarter. Bridgewater Associates LP’s holdings in Post were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its stake in shares of Post by 426.0% in the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Post in the 4th quarter valued at about $54,000. Eagle Bay Advisors LLC purchased a new position in shares of Post in the 4th quarter valued at about $75,000. Versant Capital Management Inc grew its position in shares of Post by 71.3% during the fourth quarter. Versant Capital Management Inc now owns 930 shares of the company’s stock worth $106,000 after buying an additional 387 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake 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 during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Activity

In other Post 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 completion of the sale, the senior vice president now directly owns 8,741 shares of the company’s stock, valued at $1,001,631.19. This represents a 18.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Diedre J. Gray sold 15,157 shares of Post 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 transaction, the chief accounting officer now owns 19,325 shares in the company, valued at $2,237,835. This trade represents a 43.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,096 shares of company stock valued at $4,129,355. 11.40% of the stock is currently owned by company insiders.

Post Price Performance

Shares of NYSE:POST opened at $115.01 on Friday. Post Holdings, Inc. has a 12 month low of $99.70 and a 12 month high of $125.84. The firm has a market capitalization of $6.50 billion, a P/E ratio of 18.95 and a beta of 0.52. 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 company’s fifty day moving average price is $114.11 and its 200 day moving average price is $112.82.

Post (NYSE:POST) last posted 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%. As a group, sell-side analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on POST. Wells Fargo & Company boosted their price target on shares of Post from $122.00 to $124.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Piper Sandler raised their price target on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company 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.