Schroder Investment Management Group has decreased its stake in Post Holdings, Inc. (NYSE: POST) by 7.7% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission (SEC), Schroder now holds 244,889 shares, having sold 20,379 shares in the period. This reduction leaves its holdings valued at approximately $26.7 million.
Several other institutional investors have also adjusted their positions in Post Holdings. Aviso Financial Inc. increased its stake by 1.0% in the first quarter, acquiring 100 additional shares to reach a total of 10,270 shares, valued at $1.195 million. Similarly, Sequoia Financial Advisors LLC raised its holdings by 2.3% during the second quarter, now owning 5,075 shares worth $553,000, following the purchase of 115 shares.
Parallel Advisors LLC also expanded its stake by 17.7% in the second quarter, increasing its total to 844 shares, valued at $92,000. Northwestern Mutual Wealth Management Co. significantly boosted its position by 119.5%, now holding 248 shares worth $27,000 after acquiring 135 additional shares. Additionally, Nomura Asset Management Co. Ltd. increased its holdings by 39.0%, now owning 570 shares valued at $62,000. Overall, institutional investors and hedge funds control approximately 94.85% of Post’s stock.
Insider Transactions and Stock Performance
In a separate development, Post Holdings’ Director David W. Kemper purchased 1,800 shares on November 24, 2023, at an average price of $97.93 per share, totaling $176,274. This acquisition increased his position by 6.06%, bringing his total ownership to 31,522 shares, valued at around $3.09 million. Company insiders currently own about 11.40% of the company’s stock.
Post’s stock opened at $98.67 on the Wednesday following these transactions, reflecting a 1.3% decline. The company has experienced fluctuations, with a one-year low of $96.34 and a high of $125.84. The fifty-day moving average stands at $105.52, while the two-hundred-day moving average is $107.40.
Financially, Post Holdings reported earnings on November 20, 2023, revealing earnings per share (EPS) of $2.09, surpassing analysts’ estimates of $1.89 by $0.20. The company’s net margin reached 4.62%, with a return on equity of 10.80%. Revenue for the quarter was $2.25 billion, aligning with consensus estimates and representing an 11.8% increase compared to the same period last year.
Stock Repurchase Program
On August 29, 2023, Post Holdings announced a stock repurchase program that authorizes the company to buy back shares through open market purchases. Such programs often indicate that a company’s board believes its stock is undervalued, potentially appealing to investors looking for stability.
Post Holdings, Inc. operates as a consumer packaged goods holding company both in the United States and internationally. The company functions through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. Its product offerings include branded and private label cereals, peanut butter, and pet food, among other consumer goods.
For further details on stock performance and institutional investments, visit HoldingsChannel.com for the latest 13F filings and insider transactions related to Post Holdings, Inc.
