Post Holdings, Inc. (NYSE:POST) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its stake in shares of Post Holdings, Inc. (NYSE:POST) by 38.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,721 shares of the company’s stock after buying an additional 7,423 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Post were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Post during the 4th quarter worth $108,991,000. Hennessy Advisors Inc. acquired a new position in Post in the fourth quarter worth about $56,864,000. Raymond James Financial Inc. bought a new stake in Post in the fourth quarter valued at about $36,751,000. Arrowstreet Capital Limited Partnership raised its stake in Post by 160.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,829 shares of the company’s stock valued at $13,029,000 after buying an additional 70,205 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Post by 2,907.7% during the 3rd quarter. National Bank of Canada FI now owns 68,125 shares of the company’s stock worth $7,885,000 after buying an additional 65,860 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Insider Buying and Selling

In other news, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $1,755,180.60. Following the transaction, the chief accounting officer now owns 19,325 shares in the company, valued at $2,237,835. This represents a 43.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock valued at $4,129,355 in the last three months. 11.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POST has been the subject of a number of research analyst reports. Piper Sandler boosted their price target on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company increased their target price on shares of Post from $122.00 to $124.00 and gave the stock an “equal weight” rating in a report on Wednesday. One equities research 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 stock has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Post Stock Performance

Shares of POST opened at $115.76 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. Post Holdings, Inc. has a 1 year low of $99.62 and a 1 year high of $125.84. The firm has a fifty day moving average of $111.85 and a 200-day moving average of $112.75. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 19.07 and a beta of 0.65.

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

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.