Short Interest in Post Holdings, Inc. (NYSE:POST) Decreases By 14.6%

Post Holdings, Inc. (NYSE:POST) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,990,000 shares, a drop of 14.6% from the December 15th total of 2,330,000 shares. Based on an average daily volume of 567,700 shares, the short-interest ratio is presently 3.5 days. Approximately 4.3% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, SVP Bradly A. Harper sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 11,220 shares in the company, valued at $1,347,409.80. This represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $121.14, for a total value of $726,840.00. Following the transaction, the chief executive officer now directly owns 70,501 shares of the company’s stock, valued at $8,540,491.14. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,969 shares of company stock worth $4,322,051. Company insiders own 11.40% of the company’s stock.

Institutional Trading of Post

A number of institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in Post by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock valued at $521,000 after acquiring an additional 117 shares during the last quarter. Choreo LLC acquired a new stake in shares of Post in the 2nd quarter valued at $247,000. Federated Hermes Inc. increased its stake in shares of Post by 20.3% in the 2nd quarter. Federated Hermes Inc. now owns 26,720 shares of the company’s stock valued at $2,783,000 after purchasing an additional 4,500 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Post by 42.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 162,030 shares of the company’s stock worth $16,877,000 after buying an additional 47,889 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Post by 3.7% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 8,500 shares of the company’s stock worth $885,000 after buying an additional 300 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.

Post Stock Performance

NYSE:POST traded up $0.41 during mid-day trading on Friday, reaching $108.00. 530,848 shares of the company’s stock were exchanged, compared to its average volume of 591,760. Post has a one year low of $91.09 and a one year high of $125.84. 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 business’s fifty day simple moving average is $113.59 and its two-hundred day simple moving average is $112.74. The firm has a market capitalization of $6.28 billion, a PE ratio of 19.15 and a beta of 0.66.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler dropped their target price on Post from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI upped their price objective on Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company decreased their target price on shares of 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 research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.57.

About Post

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.