Post Holdings, Inc. (NYSE:POST) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 34.5% during the third quarter, Holdings Channel.com reports. The firm owned 109,670 shares of the company’s stock after selling 57,720 shares during the quarter. Principal Financial Group Inc.’s holdings in Post were worth $12,694,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Panagora Asset Management Inc. raised its position in shares of Post by 135.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 15,308 shares of the company’s stock worth $1,594,000 after buying an additional 8,803 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Post during the second quarter worth approximately $238,000. Commonwealth Equity Services LLC raised its holdings in Post by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock worth $521,000 after purchasing an additional 117 shares in the last quarter. Natixis Advisors LLC boosted its stake in Post by 67.8% during the 2nd quarter. Natixis Advisors LLC now owns 124,538 shares of the company’s stock valued at $12,972,000 after purchasing an additional 50,324 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Post during the 2nd quarter valued at $260,000. 94.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of Post stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the transaction, the chief executive officer now owns 70,501 shares of the company’s stock, valued at $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 available through this hyperlink. Also, COO Jeff A. Zadoks sold 28,969 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the completion of the sale, the chief operating officer now directly owns 67,788 shares of the company’s stock, valued at $8,131,848.48. This trade represents a 29.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock worth $4,322,051 over the last ninety days. 11.40% of the stock is currently owned by company insiders.

Post Trading Down 0.2 %

NYSE:POST opened at $114.48 on Friday. The stock has a fifty day simple moving average of $113.87 and a 200 day simple moving average of $112.09. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.30 and a beta of 0.66. Post Holdings, Inc. has a 1-year low of $87.53 and a 1-year high of $125.84.

Analysts Set New Price Targets

Several brokerages have recently weighed in on POST. Evercore ISI upped their price objective on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Post has a consensus rating of “Moderate Buy” and a consensus target price of $124.17.

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.