Proficio Capital Partners LLC Makes New Investment in Post Holdings, Inc. (NYSE:POST)

Proficio Capital Partners LLC bought a new position in Post Holdings, Inc. (NYSE:POST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,266 shares of the company’s stock, valued at approximately $2,777,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in Post by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 237,279 shares of the company’s stock worth $27,159,000 after buying an additional 10,767 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Post by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,585 shares of the company’s stock valued at $36,694,000 after purchasing an additional 964 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Post by 6.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock valued at $194,000 after purchasing an additional 103 shares in the last quarter. PYA Waltman Capital LLC raised its holdings in shares of Post by 0.6% during the 4th quarter. PYA Waltman Capital LLC now owns 150,658 shares of the company’s stock valued at $17,244,000 after purchasing an additional 856 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of Post during the 4th quarter valued at $454,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Diedre J. Gray sold 15,157 shares of the company’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 directly owns 19,325 shares in the company, valued at approximately $2,237,835. This represents a 43.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the senior vice president now owns 8,741 shares in the company, valued at $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. Over the last ninety days, insiders have sold 36,096 shares of company stock valued at $4,129,355. 11.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Post from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.17.

Post Stock Performance

NYSE POST opened at $112.21 on Wednesday. The stock has a market cap of $6.34 billion, a P/E ratio of 18.49 and a beta of 0.65. The company’s 50-day simple moving average is $110.41 and its 200 day simple moving average is $112.90. Post Holdings, Inc. has a twelve month low of $99.62 and a twelve month 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.

Post (NYSE:POST) last posted its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

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.