Wedge Capital Management L L P NC Reduces Position in Post Holdings, Inc. (NYSE:POST)

Wedge Capital Management L L P NC trimmed its holdings in Post Holdings, Inc. (NYSE:POST) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 263,268 shares of the company’s stock after selling 31,253 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Post were worth $30,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Post in the third quarter worth $27,000. Fortitude Family Office LLC increased its stake in Post by 426.0% in the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock worth $30,000 after buying an additional 213 shares during the period. Ashton Thomas Securities LLC bought a new stake in Post during the 3rd quarter valued at about $33,000. Quarry LP boosted its position in Post by 244.9% in the 3rd quarter. Quarry LP now owns 338 shares of the company’s stock valued at $39,000 after buying an additional 240 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Post in the 2nd quarter worth about $62,000. 94.85% of the stock is owned by institutional investors.

Post Stock Performance

POST stock opened at $108.00 on Friday. Post Holdings, Inc. has a one year low of $91.09 and a one year high of $125.84. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 19.15 and a beta of 0.66. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.56 and a current ratio of 2.36. The firm has a 50-day simple moving average of $113.59 and a two-hundred day simple moving average of $112.74.

Insider Buying and Selling at Post

In other news, COO Jeff A. Zadoks sold 28,969 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the sale, the chief operating officer now owns 67,788 shares in the company, valued at approximately $8,131,848.48. The trade was a 29.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicolas Catoggio sold 6,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $121.14, for a total transaction of $726,840.00. Following the completion of the transaction, the chief executive officer now directly owns 70,501 shares of the company’s stock, valued at $8,540,491.14. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock worth $4,322,051 over the last three months. Corporate insiders own 11.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on POST shares. Piper Sandler lowered their price target on Post from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. Evercore ISI raised their price target on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company dropped their target price on shares of Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.57.

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.