Hennessy Advisors Inc. Acquires New Stake in Post Holdings, Inc. (NYSE:POST)

Hennessy Advisors Inc. bought a new position in Post Holdings, Inc. (NYSE:POST) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 496,800 shares of the company’s stock, valued at approximately $56,864,000. Post comprises about 1.7% of Hennessy Advisors Inc.’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp grew its holdings in shares of Post by 5.0% during the second quarter. Truist Financial Corp now owns 2,376 shares of the company’s stock worth $247,000 after purchasing an additional 114 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Post by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock worth $521,000 after buying an additional 117 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Post by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company’s stock worth $396,000 after buying an additional 146 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Post by 1.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company’s stock valued at $1,076,000 after buying an additional 153 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of Post by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,408 shares of the company’s stock worth $857,000 after acquiring an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Ratings Changes

POST has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Post from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price objective on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 19th. Finally, Evercore ISI boosted their target price on Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Insider Activity

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $121.14, for a total value of $726,840.00. Following the completion of the transaction, the chief executive officer now directly owns 70,501 shares in the company, valued at approximately $8,540,491.14. This represents a 7.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeff A. Zadoks sold 28,969 shares of Post stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the sale, the chief operating officer now directly owns 67,788 shares in the company, valued at $8,131,848.48. The trade was a 29.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,969 shares of company stock valued at $4,322,051. 11.40% of the stock is currently owned by company insiders.

Post Trading Up 0.7 %

Shares of POST stock opened at $107.67 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.36 and a quick ratio of 1.56. The business has a 50-day moving average of $113.64 and a 200 day moving average of $112.71. The stock has a market capitalization of $6.26 billion, a PE ratio of 19.09 and a beta of 0.66. Post Holdings, Inc. has a 1-year low of $91.09 and a 1-year high of $125.84.

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.