Envestnet Portfolio Solutions Inc. Increases Stock Position in Post Holdings, Inc. (NYSE:POST)

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,225 shares of the company’s stock after purchasing an additional 362 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Post were worth $713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Retirement Systems of Alabama boosted its holdings in Post by 4.7% in the third quarter. Retirement Systems of Alabama now owns 102,173 shares of the company’s stock worth $11,827,000 after purchasing an additional 4,606 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Post by 46.6% during the 3rd quarter. Cerity Partners LLC now owns 30,562 shares of the company’s stock valued at $3,538,000 after buying an additional 9,711 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Post in the 4th quarter worth $946,000. Truist Financial Corp grew its holdings in shares of Post by 4.2% in the fourth quarter. Truist Financial Corp now owns 2,781 shares of the company’s stock worth $318,000 after acquiring an additional 113 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Post during the third quarter valued at $733,000. Institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on POST shares. Piper Sandler raised their target price on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Post presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Activity

In other Post news, Director David W. Kemper sold 8,939 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total transaction of $989,994.25. Following the completion of the sale, the director now directly owns 29,722 shares of the company’s stock, valued at $3,291,711.50. This trade represents a 23.12 % decrease in their position. 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 Post stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the sale, the senior vice president now owns 8,741 shares in the company, valued at approximately $1,001,631.19. The trade was a 18.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,096 shares of company stock worth $4,129,355 in the last three months. Company insiders own 11.40% of the company’s stock.

Post Stock Down 0.0 %

NYSE POST opened at $111.52 on Tuesday. Post Holdings, Inc. has a 52 week low of $99.62 and a 52 week 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. The company has a market capitalization of $6.30 billion, a P/E ratio of 18.37 and a beta of 0.65. The stock’s 50-day moving average price is $110.80 and its 200-day moving average price is $112.75.

Post (NYSE:POST) last released its earnings results on Thursday, February 6th. The company reported $1.73 EPS for the quarter, topping 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%. On average, equities research analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Post 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.