Post (NYSE:POST) Price Target Raised to $122.00

Post (NYSE:POST) had its price objective lifted by Wells Fargo & Company from $116.00 to $122.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also commented on POST. Piper Sandler raised their price objective on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday. Evercore ISI raised their price objective on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Post currently has an average rating of “Moderate Buy” and an average price target of $127.17.

Post Trading Up 0.6 %

Shares of POST opened at $111.71 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $6.50 billion, a P/E ratio of 18.40 and a beta of 0.65. The stock’s fifty day simple moving average is $111.39 and its 200 day simple moving average is $112.87. Post has a twelve month low of $99.62 and a twelve month 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, beating the consensus estimate of $1.49 by $0.24. Post had a return on equity of 10.40% and a net margin of 4.94%. On average, equities research analysts forecast that Post will post 6.3 earnings per share for the current year.

Insider Activity

In other news, COO Jeff A. Zadoks sold 28,969 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the completion of the sale, the chief operating officer now directly owns 67,788 shares in the company, valued at $8,131,848.48. This trade represents a 29.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 1,000 shares of the firm’s 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 sale, the senior vice president now owns 11,220 shares of the company’s stock, valued at $1,347,409.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,908 shares of company stock worth $5,312,045 over the last ninety days. Corporate insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Post

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in Post by 6.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after purchasing an additional 103 shares in the last quarter. Savant Capital LLC grew its stake in Post by 3.8% in the fourth quarter. Savant Capital LLC now owns 3,023 shares of the company’s stock worth $346,000 after purchasing an additional 110 shares in the last quarter. Truist Financial Corp grew its stake in Post by 4.2% in the fourth quarter. Truist Financial Corp now owns 2,781 shares of the company’s stock worth $318,000 after purchasing an additional 113 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Post by 1.7% in the third quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company’s stock worth $1,076,000 after purchasing an additional 153 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in Post by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 7,408 shares of the company’s stock worth $857,000 after purchasing an additional 157 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

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.