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Post Holdings, Inc. (NYSE:POST) Shares Sold by Comerica Bank – MarketBeat

Written by Amanda

Post Holdings, Inc. (NYSE:POST) Shares Sold by Comerica Bank  MarketBeat

Comerica Bank lessened its stake in Post Holdings, Inc. (NYSE:POSTGet Rating) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 24,969 shares of the company’s stock after selling 1,387 shares during the period. Comerica Bank’s holdings in Post were worth $2,173,000 at the end of the most recent quarter.

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Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its position in Post by 14.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,011 shares of the company’s stock valued at $215,000 after buying an additional 391 shares during the period. HighTower Advisors LLC boosted its position in Post by 16.1% in the 1st quarter. HighTower Advisors LLC now owns 3,241 shares of the company’s stock valued at $225,000 after buying an additional 450 shares during the period. PNC Financial Services Group Inc. boosted its position in Post by 136.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,553 shares of the company’s stock valued at $454,000 after buying an additional 3,784 shares during the period. Bank of Montreal Can boosted its position in Post by 545.8% in the 1st quarter. Bank of Montreal Can now owns 32,425 shares of the company’s stock valued at $2,222,000 after buying an additional 27,404 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Post by 29.8% in the 1st quarter. MetLife Investment Management LLC now owns 36,813 shares of the company’s stock valued at $2,550,000 after buying an additional 8,444 shares during the period. Institutional investors and hedge funds own 91.40% of the company’s stock.

Insider Buying and Selling

In other Post news, SVP Bradly A. Harper sold 2,000 shares of Post stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $94.26, for a total value of $188,520.00. Following the transaction, the senior vice president now directly owns 7,219 shares in the company, valued at $680,462.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Post news, CEO Nicolas Catoggio sold 2,211 shares of Post stock in a transaction on Monday, November 21st. The shares were sold at an average price of $91.58, for a total value of $202,483.38. Following the transaction, the chief executive officer now directly owns 51,770 shares in the company, valued at $4,741,096.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bradly A. Harper sold 2,000 shares of Post stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $94.26, for a total transaction of $188,520.00. Following the completion of the transaction, the senior vice president now owns 7,219 shares in the company, valued at $680,462.94. The disclosure for this sale can be found here. Insiders have sold 4,511 shares of company stock worth $418,501 in the last ninety days. 9.60% of the stock is owned by corporate insiders.

Post Price Performance

Shares of NYSE:POST opened at $90.96 on Friday. The company’s fifty day moving average price is $91.88 and its 200 day moving average price is $88.40. Post Holdings, Inc. has a 12 month low of $62.83 and a 12 month high of $96.36. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.70 and a quick ratio of 2.03. The firm has a market capitalization of $5.34 billion, a P/E ratio of 7.46 and a beta of 0.65.

Post (NYSE:POSTGet Rating) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. Post had a net margin of 12.29% and a return on equity of 4.07%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. As a group, sell-side analysts predict that Post Holdings, Inc. will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on POST shares. Piper Sandler raised their price target on shares of Post from $107.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 29th. StockNews.com cut shares of Post from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. Finally, BMO Capital Markets lifted their price objective on shares of Post from $96.00 to $99.00 and gave the stock a “market perform” rating in a research report on Monday, November 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.14.

About Post

(Get Rating)

Post Holdings, Inc operates as a consumer packaged goods holding company. The firm engages in the operation of center-of-the-store, refrigerated, food service, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail and BellRing Brands.

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Institutional Ownership by Quarter for Post (NYSE:POST)

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About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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