Post (NYSE:POST) Price Target Raised to $124.00

Post (NYSE:POST) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $122.00 to $124.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 7.17% from the stock’s previous close.

Separately, Piper Sandler boosted their price target on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Post currently has an average rating of “Moderate Buy” and an average target price of $127.50.

Post Trading Down 1.2 %

POST traded down $1.43 on Wednesday, hitting $115.71. 53,893 shares of the company were exchanged, compared to its average volume of 588,274. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. Post has a 12 month low of $99.62 and a 12 month high of $125.84. The firm has a fifty day simple moving average of $111.66 and a two-hundred day simple moving average of $112.73. The stock has a market capitalization of $6.54 billion, a PE ratio of 19.05 and a beta of 0.65.

Post (NYSE:POST) last issued its earnings results on Thursday, February 6th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. Sell-side analysts expect that Post will post 6.41 earnings per share for the current year.

Insiders Place Their Bets

In other Post news, Director David W. Kemper sold 8,939 shares of Post stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the completion of the sale, the director now owns 29,722 shares of the company’s stock, valued at approximately $3,291,711.50. The trade was a 23.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the sale, the senior vice president now owns 8,741 shares of the company’s stock, valued at approximately $1,001,631.19. This represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock worth $4,129,355 over the last three months. Company insiders own 11.40% of the company’s stock.

Institutional Trading of Post

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Post in the 4th quarter worth approximately $108,991,000. The Manufacturers Life Insurance Company boosted its stake in shares of Post by 403.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company’s stock worth $112,969,000 after acquiring an additional 790,782 shares during the period. Hennessy Advisors Inc. bought a new stake in Post during the 4th quarter valued at approximately $56,864,000. Point72 Asset Management L.P. lifted its holdings in shares of Post by 53.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company’s stock worth $119,646,000 after buying an additional 364,006 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Post during the fourth quarter worth $36,751,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

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.