Trexquant Investment LP Makes New Investment in Post Holdings, Inc. (NYSE:POST)
Trexquant Investment LP has acquired a new position in Post Holdings, Inc. (NYSE:POST), purchasing 11,512 shares valued at approximately $1.32 million during the 4th quarter. Other hedge funds have also increased their stakes in the company. Post Holdings reported a quarterly EPS of $1.73, surpassing estimates, and has a market cap of $6.56 billion. Analysts have given the stock a "Moderate Buy" rating with a target price of $127.50. Insider trading activity has seen significant sales recently, with 11.40% of shares owned by insiders.
Trexquant Investment LP bought a new position in Post Holdings, Inc. (NYSE:POST - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,512 shares of the company's stock, valued at approximately $1,318,000.
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Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama raised 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 period. Miracle Mile Advisors LLC bought a new position in Post in the fourth quarter valued at $946,000. Truist Financial Corp grew its position in shares of Post by 4.2% in the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company's stock valued at $318,000 after acquiring an additional 113 shares during the period. Tidal Investments LLC bought a new position in shares of Post in the 3rd quarter valued at about $733,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Post in the 3rd quarter valued at about $2,048,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Post Price Performance
Shares of NYSE:POST opened at $116.17 on Thursday. The firm has a 50 day moving average of $112.95 and a 200-day moving average of $112.78. The stock has a market capitalization of $6.56 billion, a PE ratio of 19.14 and a beta of 0.52. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78. Post Holdings, Inc. has a 12 month low of $99.62 and a 12 month high of $125.84.
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Post (NYSE:POST - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.
Insider Activity at Post
In other news, Director David W. Kemper sold 8,939 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the sale, the director now directly owns 29,722 shares of the company's stock, valued at approximately $3,291,711.50. This represents a 23.12 % decrease in their position. The transaction was disclosed in a document filed 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 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 completion of the sale, the senior vice president now directly owns 8,741 shares in the company, valued at approximately $1,001,631.19. This represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,096 shares of company stock valued at $4,129,355. 11.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
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POST has been the subject of a number of research reports. Piper Sandler raised their target price on shares of Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their price objective on shares of Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $127.50.
Check Out Our Latest Research Report on POST
About Post
(Free Report)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.
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