Alliancebernstein L.P. Sells 1,047 Shares of Post Holdings, Inc. (NYSE:POST)

Alliancebernstein L.P. lowered its position in Post Holdings, Inc. (NYSE:POST) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 114,199 shares of the company’s stock after selling 1,047 shares during the quarter. Alliancebernstein L.P.’s holdings in Post were worth $13,071,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC raised its stake in shares of Post by 426.0% during the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. Quarry LP increased its holdings in Post by 244.9% during the third 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. Sound Income Strategies LLC purchased a new position in Post in the fourth quarter worth $54,000. Eagle Bay Advisors LLC purchased a new position in Post in the fourth quarter worth $75,000. Finally, Versant Capital Management Inc grew its holdings in Post by 71.3% in the fourth quarter. Versant Capital Management Inc now owns 930 shares of the company’s stock worth $106,000 after purchasing an additional 387 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Post Stock Performance

Shares of POST stock opened at $116.17 on Thursday. The firm’s 50 day moving average price is $112.95 and its 200-day moving average price is $112.78. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. Post Holdings, Inc. has a one year low of $99.62 and a one year high of $125.84. The firm has a market cap of $6.56 billion, a P/E ratio of 19.14 and a beta of 0.52.

Post (NYSE:POST) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.73 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling

In other news, CEO Nicolas Catoggio sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $116.50, for a total value of $582,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,501 shares in the company, valued at approximately $6,465,866.50. This represents a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Diedre J. Gray sold 15,157 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the transaction, the chief accounting officer now owns 19,325 shares in the company, valued at $2,237,835. This trade represents a 43.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,096 shares of company stock valued at $4,129,355. Corporate insiders own 11.40% of the company’s stock.

Wall Street Analyst Weigh In

POST has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Post from $122.00 to $124.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. Piper Sandler boosted their price objective on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.