Intech Investment Management LLC Sells 3,530 Shares of Post Holdings, Inc. (NYSE:POST)

Intech Investment Management LLC lessened its position in shares of Post Holdings, Inc. (NYSE:POST) by 53.1% in the third quarter, HoldingsChannel.com reports. The firm owned 3,114 shares of the company’s stock after selling 3,530 shares during the quarter. Intech Investment Management LLC’s holdings in Post were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its stake in shares of Post by 51.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock valued at $128,863,000 after purchasing an additional 419,945 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in Post during the third quarter valued at $23,089,000. Allspring Global Investments Holdings LLC grew its holdings in Post by 901.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock worth $20,745,000 after acquiring an additional 161,334 shares during the period. Adams Diversified Equity Fund Inc. bought a new position in shares of Post in the 3rd quarter worth about $14,480,000. Finally, F M Investments LLC acquired a new position in shares of Post in the 2nd quarter valued at about $8,873,000. Institutional investors own 94.85% of the company’s stock.

Insider Activity at Post

In related news, COO Jeff A. Zadoks sold 28,969 shares of Post stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the transaction, the chief operating officer now owns 67,788 shares of the company’s stock, valued at $8,131,848.48. The trade was a 29.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total value of $726,840.00. Following the sale, the chief executive officer now owns 70,501 shares of the company’s stock, valued at $8,540,491.14. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by insiders.

Post Trading Down 0.8 %

NYSE POST opened at $119.74 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66. Post Holdings, Inc. has a 52 week low of $85.17 and a 52 week high of $121.38. The business has a 50 day moving average price of $113.26 and a 200-day moving average price of $110.67. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 21.23 and a beta of 0.66.

Analysts Set New Price Targets

Several equities research analysts recently commented on POST shares. JPMorgan Chase & Co. raised their target price on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI raised their price objective on shares of Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company dropped their target price on shares of Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.17.

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.