Cresset Asset Management LLC Sells 14,556 Shares of Post Holdings, Inc. (NYSE:POST)

Cresset Asset Management LLC lessened its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 88.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,973 shares of the company’s stock after selling 14,556 shares during the quarter. Cresset Asset Management LLC’s holdings in Post were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of Post during the fourth quarter valued at approximately $54,000. Parkside Financial Bank & Trust raised its holdings in Post by 6.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after purchasing an additional 103 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in Post in the fourth quarter worth $202,000. CIBC Asset Management Inc bought a new position in Post in the fourth quarter worth $206,000. Finally, Trust Point Inc. bought a new position in Post in the fourth quarter worth $208,000. Institutional investors own 94.85% of the company’s stock.

Post Price Performance

Shares of NYSE:POST opened at $111.83 on Monday. Post Holdings, Inc. has a 1-year low of $99.70 and a 1-year high of $125.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The business has a fifty day moving average price of $113.47 and a 200-day moving average price of $112.67. The company has a market capitalization of $6.23 billion, a PE ratio of 18.42 and a beta of 0.50.

Post (NYSE:POST) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.23. Post had a return on equity of 10.48% and a net margin of 4.94%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $1.51 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Activity

In related news, CAO Diedre J. Gray sold 15,157 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the sale, the chief accounting officer now directly owns 19,325 shares of the company’s stock, valued at $2,237,835. This trade represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total value of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares in the company, valued at $1,001,631.19. This trade represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,157 shares of company stock worth $3,139,361 over the last three months. 11.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

POST has been the subject of a number of research reports. Piper Sandler increased their price objective on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Post from $124.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Post 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.