Inspire Investing Cuts Stake in Post Holdings by 62.5% in Q3

In the third quarter of 2023, Inspire Investing LLC significantly reduced its investment in Post Holdings, Inc. (NYSE: POST) by 62.5%, as detailed in its latest Form 13F filing with the Securities and Exchange Commission. Following the sale of 6,959 shares, Inspire now holds 4,180 shares valued at approximately $449,000.

Other institutional investors have also adjusted their positions in the company. For instance, Alpha Wealth Funds LLC entered the market with a new stake valued at around $101,000 during the same quarter. Additionally, Exchange Traded Concepts LLC increased its holdings by 5.7%, acquiring 401 shares to bring its total to 7,455 shares, worth $801,000.

Voya Investment Management LLC made a more notable move, increasing its position by 37.1% to own 27,775 shares, which are now valued at $2,985,000. Meanwhile, National Wealth Management Group LLC and Texas Permanent School Fund Corp also grew their stakes during the second quarter, owning 3,693 shares worth $403,000 and 46,623 shares valued at $5,083,000, respectively. Overall, institutional investors control approximately 94.85% of Post Holdings.

Post Holdings Reports Strong Q4 Earnings

Post Holdings recently announced its quarterly earnings on November 20, 2023. The company reported an earnings per share (EPS) of $2.09, surpassing analysts’ expectations of $1.89 by $0.20. The firm generated revenues of $2.25 billion, which aligned with forecasts. This marks an 11.8% increase in revenue compared to the same quarter last year, when the company reported an EPS of $1.53.

The net margin stood at 4.11%, with a return on equity of 11.72%. Analysts predict that Post Holdings will achieve an EPS of 6.41 for the current fiscal year.

Equities analysts have been active in adjusting their price targets for Post Holdings. JPMorgan Chase & Co. raised its price target from $131.00 to $132.00 while maintaining an “overweight” rating. In contrast, Evercore ISI reduced its price target from $131.00 to $129.00, assigning an “outperform” rating. Wall Street Zen downgraded its rating from “buy” to “hold,” while Wells Fargo & Company adjusted its target from $115.00 to $108.00 with an “equal weight” rating.

Currently, five analysts rate the stock as a Buy, two as Hold, and one as Sell, yielding an average rating of “Moderate Buy” with a consensus target price of $125.33.

Recent Insider Transactions

In recent insider activity, David W. Kemper, a director at Post Holdings, purchased 1,800 shares on November 24, 2023, at an average price of $97.93, totaling $176,274. Following this transaction, Kemper holds 31,522 shares valued at approximately $3,086,949.46, marking a 6.06% increase in his ownership.

Conversely, Bradly A. Harper, Senior Vice President, sold 1,658 shares on December 5, 2023, at an average price of $96.69, amounting to $160,312.02. Post-sale, Harper retains 11,441 shares worth $1,106,230.29, signifying a 12.66% decrease in his ownership. Currently, insiders own 14.05% of the company’s stock.

Post Holdings, Inc. is a consumer packaged goods entity that manages a diverse portfolio of food and beverage brands. Its operations span the production, marketing, and distribution of ready-to-eat cereals, refrigerated and frozen foods, and nutritional beverages. The company serves various markets, including retail grocers, convenience stores, foodservice operators, and e-commerce channels.

For ongoing updates on hedge fund activities related to Post Holdings, interested parties can visit HoldingsChannel.com for the latest Form 13F filings and insider transactions.