Orion Portfolio Solutions LLC Reduces Holdings in Post Holdings, Inc. (NYSE:POST)

Orion Portfolio Solutions LLC reduced its position in Post Holdings, Inc. (NYSE:POST) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,278 shares of the company’s stock after selling 1,480 shares during the period. Orion Portfolio Solutions LLC’s holdings in Post were worth $2,463,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. boosted its holdings in Post by 51.4% in the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock valued at $128,863,000 after purchasing an additional 419,945 shares during the last quarter. Holocene Advisors LP boosted its stake 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 valued at $162,663,000 after buying an additional 244,221 shares during the last quarter. Braun Stacey Associates Inc. purchased a new position in shares of Post during the 3rd quarter valued at approximately $23,089,000. Allspring Global Investments Holdings LLC increased its stake in shares of Post by 901.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock worth $20,745,000 after buying an additional 161,334 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Post by 352.0% in the third quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company’s stock valued at $22,709,000 after acquiring an additional 152,791 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Post news, COO Jeff A. Zadoks sold 28,969 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total value of $3,475,121.24. Following the sale, the chief operating officer now directly owns 67,788 shares of the company’s stock, valued at $8,131,848.48. This trade represents a 29.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bradly A. Harper sold 1,000 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 11,220 shares in the company, valued at $1,347,409.80. The trade was a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,969 shares of company stock valued at $4,322,051 over the last quarter. Insiders own 10.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on POST shares. Evercore ISI raised their price objective on shares of Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company decreased their price target on Post from $120.00 to $116.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.17.

Post Trading Down 0.1 %

Post stock opened at $118.84 on Thursday. Post Holdings, Inc. has a 1 year low of $86.60 and a 1 year high of $121.38. The firm’s 50-day moving average is $113.63 and its 200-day moving average is $111.18. 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 company has a market cap of $6.95 billion, a P/E ratio of 21.07 and a beta of 0.66.

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.