Renaissance Technologies LLC Sells 125,800 Shares of Post Holdings, Inc. (NYSE:POST)

Renaissance Technologies LLC decreased its stake in shares of Post Holdings, Inc. (NYSE:POST) by 66.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 63,600 shares of the company’s stock after selling 125,800 shares during the period. Renaissance Technologies LLC’s holdings in Post were worth $7,280,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Post by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company’s stock valued at $588,359,000 after purchasing an additional 13,272 shares during the period. Norges Bank purchased a new position in shares of Post in the 4th quarter valued at approximately $108,991,000. Hennessy Advisors Inc. acquired a new stake in shares of Post during the fourth quarter worth $56,864,000. Raymond James Financial Inc. acquired a new stake in shares of Post during the fourth quarter worth about $36,751,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Post by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,585 shares of the company’s stock valued at $36,694,000 after buying an additional 964 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their target price on Post from $122.00 to $124.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.50.

Post Price Performance

Shares of NYSE POST opened at $115.01 on Friday. The stock’s 50-day simple moving average is $114.11 and its 200-day simple moving average is $112.82. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. The firm has a market capitalization of $6.50 billion, a PE ratio of 18.95 and a beta of 0.52. Post Holdings, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $125.84.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Insider Transactions at Post

In related news, CEO Nicolas Catoggio sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $114.50, for a total transaction of $572,500.00. Following the transaction, the chief executive officer now owns 50,501 shares of the company’s stock, valued at $5,782,364.50. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,001,631.19. This represents a 18.62 % 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 worth $4,129,355. Corporate insiders own 11.40% of the company’s stock.

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.