SG Americas Securities LLC Lowers Holdings in Post Holdings, Inc. (NYSE:POST)

Posted by Defense World Staff on Jul 22nd, 2023

SG Americas Securities LLC trimmed its position in Post Holdings, Inc. (NYSE:POST – Free Report) by 38.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,698 shares of the company’s stock after selling 15,045 shares during the period. SG Americas Securities LLC’s holdings in Post were worth $2,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio grew its position in Post by 0.6% in the 1st quarter. Strs Ohio now owns 19,445 shares of the company’s stock valued at $1,747,000 after buying an additional 113 shares during the last quarter. Ellevest Inc. grew its position in Post by 32.0% in the 4th quarter. Ellevest Inc. now owns 669 shares of the company’s stock valued at $60,000 after buying an additional 162 shares during the last quarter. Tcwp LLC lifted its holdings in Post by 0.3% in the fourth quarter. Tcwp LLC now owns 54,653 shares of the company’s stock valued at $4,933,000 after acquiring an additional 177 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Post by 2.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,206 shares of the company’s stock valued at $650,000 after acquiring an additional 195 shares during the period. Finally, Money Concepts Capital Corp lifted its holdings in Post by 1.8% in the fourth quarter. Money Concepts Capital Corp now owns 15,763 shares of the company’s stock valued at $1,423,000 after acquiring an additional 279 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Post

In other news, Director Thomas C. Erb bought 1,000 shares of Post stock in a transaction on Wednesday, June 7th. The shares were bought at an average cost of $86.76 per share, for a total transaction of $86,760.00. Following the acquisition, the director now owns 25,775 shares in the company, valued at $2,236,239. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Thomas C. Erb bought 1,000 shares of Post stock in a transaction on Wednesday, June 7th. The shares were bought at an average cost of $86.76 per share, for a total transaction of $86,760.00. Following the acquisition, the director now owns 25,775 shares in the company, valued at $2,236,239. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen F. Harshman sold 400 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $85.60, for a total transaction of $34,240.00. Following the transaction, the director now directly owns 10,272 shares of the company’s stock, valued at approximately $879,283.20. The disclosure for this sale can be found here. 9.60% of the stock is owned by insiders.

Post Price Performance

Post stock opened at $87.38 on Friday. Post Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $98.84. The company has a quick ratio of 1.97, a current ratio of 2.73 and a debt-to-equity ratio of 1.68. The firm’s 50-day simple moving average is $86.38 and its 200 day simple moving average is $89.06. The firm has a market capitalization of $5.57 billion, a PE ratio of 13.48 and a beta of 0.69.

Post (NYSE:POST – Get Free Report) last released its quarterly earnings data on Thursday, May 4th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.68 by $0.42. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.57 billion. Post had a net margin of 6.36% and a return on equity of 7.05%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. On average, equities research analysts predict that Post Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Evercore ISI assumed coverage on Post in a report on Monday, May 8th. They issued an “outperform” rating for the company. StockNews.com assumed coverage on Post in a report on Thursday, May 18th. They issued a “hold” rating for the company. Barclays assumed coverage on Post in a report on Tuesday, May 2nd. They issued an “overweight” rating for the company. Finally, Stifel Nicolaus started coverage on Post in a report on Thursday, April 13th. They issued a “buy” rating and a $106.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.33.

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) cereal, hot cereal, and peanut and nut butter.