Wells Fargo & Company Issues Positive Forecast for Post (NYSE:POST) Stock Price

Post (NYSE:POST) had its price target hoisted by equities researchers at Wells Fargo & Company from $116.00 to $122.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 10.00% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Piper Sandler boosted their price target on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday. Evercore ISI boosted their price target on shares of Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Post presently has an average rating of “Moderate Buy” and an average price target of $127.17.

Post Stock Performance

Shares of NYSE:POST traded down $1.64 during midday trading on Monday, hitting $110.91. The stock had a trading volume of 80,344 shares, compared to its average volume of 531,281. The company has a market capitalization of $6.45 billion, a PE ratio of 18.27 and a beta of 0.65. The stock has a 50 day moving average price of $111.78 and a two-hundred day moving average price of $112.84. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. Post has a 1 year low of $99.62 and a 1 year high of $125.84.

Post (NYSE:POST) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.40%. As a group, equities analysts predict that Post will post 6.3 earnings per share for the current fiscal year.

Insider Transactions at Post

In related news, SVP Bradly A. Harper sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was 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 directly owns 11,220 shares of the company’s stock, valued at $1,347,409.80. This trade represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $121.14, for a total transaction of $726,840.00. Following the completion of the sale, the chief executive officer now directly owns 70,501 shares in the company, valued at approximately $8,540,491.14. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,969 shares of company stock worth $4,322,051. Company insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Post

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its holdings in Post by 54.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,827 shares of the company’s stock worth $552,000 after buying an additional 1,706 shares during the last quarter. HighTower Advisors LLC boosted its stake in Post by 133.7% in the 4th quarter. HighTower Advisors LLC now owns 12,538 shares of the company’s stock worth $1,435,000 after purchasing an additional 7,172 shares during the period. AlphaQuest LLC raised its stake in shares of Post by 1,109,800.0% in the 4th quarter. AlphaQuest LLC now owns 11,099 shares of the company’s stock valued at $1,270,000 after purchasing an additional 11,098 shares during the period. Inceptionr LLC acquired a new position in shares of Post during the fourth quarter worth about $1,710,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Post during the fourth quarter worth about $36,751,000. 94.85% of the stock is owned by institutional investors.

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.