Hennessy Advisors Inc. Invests $56.86 Million in Post Holdings, Inc. (NYSE:POST)

Hennessy Advisors Inc. purchased a new stake in Post Holdings, Inc. (NYSE:POST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 496,800 shares of the company’s stock, valued at approximately $56,864,000. Post accounts for about 1.7% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 13th biggest holding. Hennessy Advisors Inc. owned about 0.85% of Post at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of POST. Retirement Systems of Alabama raised its stake in shares of Post by 4.7% in the third quarter. Retirement Systems of Alabama now owns 102,173 shares of the company’s stock worth $11,827,000 after purchasing an additional 4,606 shares during the last quarter. Cerity Partners LLC raised its position in Post by 46.6% in the 3rd quarter. Cerity Partners LLC now owns 30,562 shares of the company’s stock valued at $3,538,000 after buying an additional 9,711 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Post during the 2nd quarter valued at $510,000. Miracle Mile Advisors LLC bought a new stake in shares of Post in the 4th quarter worth $946,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Post by 51.4% in the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock valued at $128,863,000 after purchasing an additional 419,945 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Insiders Place Their Bets

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

Post Trading Up 0.7 %

Shares of POST stock opened at $107.67 on Friday. 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 cap of $6.26 billion, a P/E ratio of 19.09 and a beta of 0.66. The company has a 50 day moving average of $113.64 and a 200-day moving average of $112.71. Post Holdings, Inc. has a 12-month low of $91.09 and a 12-month high of $125.84.

Analyst Ratings Changes

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

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.