Legal & General Group Plc Sells 8,483 Shares of Post Holdings, Inc. (NYSE:POST)

Legal & General Group Plc lessened its holdings in Post Holdings, Inc. (NYSE:POST) by 10.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,028 shares of the company’s stock after selling 8,483 shares during the quarter. Legal & General Group Plc’s holdings in Post were worth $8,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of POST. Aristides Capital LLC grew its stake in Post by 59.9% in the fourth quarter. Aristides Capital LLC now owns 3,031 shares of the company’s stock worth $347,000 after purchasing an additional 1,136 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Post during the fourth quarter valued at $213,000. Russell Investments Group Ltd. raised its holdings in shares of Post by 49.9% in the fourth quarter. Russell Investments Group Ltd. now owns 19,347 shares of the company’s stock valued at $2,215,000 after acquiring an additional 6,442 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Post by 5.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 269,246 shares of the company’s stock worth $30,818,000 after acquiring an additional 15,020 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Post during the 4th quarter valued at about $984,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was 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 owns 55,501 shares in the company, valued at $6,465,866.50. This trade represents a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were 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 in the company, valued at $1,001,631.19. This trade represents a 18.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,096 shares of company stock worth $4,129,355. 11.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on Post from $122.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Post presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Post Stock Performance

NYSE POST opened at $115.01 on Friday. The company has a market cap of $6.50 billion, a P/E ratio of 18.95 and a beta of 0.52. Post Holdings, Inc. has a 1-year low of $99.70 and a 1-year high of $125.84. 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 stock has a 50-day moving average of $114.11 and a two-hundred day moving average of $112.82.

Post (NYSE:POST) last posted its quarterly 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, analysts anticipate that Post Holdings, Inc. will post 6.41 EPS 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.