Sound Income Strategies LLC Makes New Investment in Post Holdings, Inc. (NYSE:POST)

Sound Income Strategies LLC bought a new stake in Post Holdings, Inc. (NYSE:POST) during the 4th quarter, Holdings Channel reports. The fund bought 470 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds also recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in Post by 1,195.2% in the fourth quarter. SG Americas Securities LLC now owns 20,620 shares of the company’s stock valued at $2,360,000 after acquiring an additional 19,028 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Post in the 4th quarter valued at $340,000. Hennessy Advisors Inc. acquired a new position in shares of Post in the 4th quarter valued at $56,864,000. Carnegie Investment Counsel boosted its position in shares of Post by 9.1% in the 4th quarter. Carnegie Investment Counsel now owns 88,199 shares of the company’s stock worth $10,095,000 after purchasing an additional 7,344 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its stake in shares of Post by 2.7% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,750 shares of the company’s stock worth $773,000 after purchasing an additional 177 shares during the period. Institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on POST shares. Wells Fargo & Company cut their target price on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 19th. Evercore ISI increased their price target on shares of Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Piper Sandler decreased their price objective on shares of Post from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.57.

Insider Activity

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total value of $726,840.00. Following the sale, the chief executive officer now owns 70,501 shares in the company, valued at approximately $8,540,491.14. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bradly A. Harper sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $120.09, for a total transaction of $120,090.00. Following the transaction, the senior vice president now directly owns 11,220 shares of the company’s stock, valued at $1,347,409.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,969 shares of company stock worth $4,322,051 over the last quarter. 11.40% of the stock is currently owned by company insiders.

Post Trading Down 0.5 %

NYSE:POST opened at $106.60 on Friday. The business’s 50-day simple moving average is $113.47 and its 200-day simple moving average is $112.90. Post Holdings, Inc. has a fifty-two week low of $91.59 and a fifty-two week high of $125.84. 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 stock has a market capitalization of $6.20 billion, a PE ratio of 18.90 and a beta of 0.66.

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.