Post Holdings, Inc. (NYSE:POST) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC reduced its position in shares of Post Holdings, Inc. (NYSE:POST) by 71.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,918 shares of the company’s stock after selling 159,271 shares during the quarter. Verition Fund Management LLC’s holdings in Post were worth $7,283,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of POST. Truist Financial Corp boosted its stake in Post by 5.0% during the second quarter. Truist Financial Corp now owns 2,376 shares of the company’s stock valued at $247,000 after buying an additional 114 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Post by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock valued at $521,000 after purchasing an additional 117 shares in the last quarter. CarsonAllaria Wealth Management Ltd. boosted its position in shares of Post by 12.8% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,233 shares of the company’s stock valued at $128,000 after purchasing an additional 140 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake 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 purchasing an additional 146 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in Post by 1.7% during the third quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company’s stock valued at $1,076,000 after purchasing an additional 153 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Post Trading Up 0.9 %

Shares of Post stock opened at $120.48 on Monday. The company’s fifty day simple moving average is $113.03 and its 200-day simple moving average is $110.47. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 21.36 and a beta of 0.64. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. Post Holdings, Inc. has a 1 year low of $83.73 and a 1 year high of $121.07.

Wall Street Analyst Weigh In

Several research analysts have issued reports on POST shares. Wells Fargo & Company dropped their price target on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 19th. Evercore ISI upped their target price on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on Post from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Stifel Nicolaus boosted their price objective on Post from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.17.

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.