Sound Income Strategies LLC Takes Position in Post Holdings, Inc. (NYSE:POST)

Sound Income Strategies LLC bought a new position in shares of Post Holdings, Inc. (NYSE:POST) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 470 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Holocene Advisors LP grew its holdings in shares of Post by 21.0% during the 3rd quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after purchasing an additional 244,221 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Post in the fourth quarter worth $56,864,000. Victory Capital Management Inc. boosted its stake in Post by 1.3% during the third quarter. Victory Capital Management Inc. now owns 226,512 shares of the company’s stock worth $26,219,000 after buying an additional 2,879 shares in the last quarter. Braun Stacey Associates Inc. bought a new stake in Post in the 3rd quarter valued at $23,089,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Post by 352.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company’s stock valued at $22,709,000 after buying an additional 152,791 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Post news, SVP Bradly A. Harper sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $120.09, for a total value of $120,090.00. Following the completion of the transaction, the senior vice president now directly owns 11,220 shares of the company’s stock, valued at approximately $1,347,409.80. The trade was a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 sale, the chief executive officer now directly owns 70,501 shares in the company, valued at $8,540,491.14. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,969 shares of company stock worth $4,322,051 in the last three months. Insiders own 11.40% of the company’s stock.

Post Price Performance

Shares of Post stock opened at $106.60 on Friday. Post Holdings, Inc. has a 1-year low of $91.59 and a 1-year high of $125.84. The firm’s 50-day moving average price is $113.47 and its two-hundred day moving average price is $112.90. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.90 and a beta of 0.66.

Analyst Ratings Changes

Several brokerages have recently weighed in on POST. Wells Fargo & Company decreased their target price on shares of Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 19th. Evercore ISI lifted their price objective on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Piper Sandler dropped their target price on Post from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

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.