Post (NYSE:POST) Price Target Raised to $140.00 at Piper Sandler

Post (NYSE:POST) had its target price raised by Piper Sandler from $120.00 to $140.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

POST has been the topic of several other research reports. Wells Fargo & Company lowered their price target on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 19th. Evercore ISI upped their price objective 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.17.

Post Price Performance

Shares of NYSE:POST opened at $109.87 on Monday. Post has a 12 month low of $99.62 and a 12 month high of $125.84. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. The stock has a market cap of $6.39 billion, a P/E ratio of 18.10 and a beta of 0.65. The company has a 50 day moving average of $111.78 and a 200 day moving average of $112.84.

Post (NYSE:POST) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.73 EPS for the quarter, beating 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, sell-side analysts forecast that Post will post 6.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Post news, COO Jeff A. Zadoks sold 28,969 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total value of $3,475,121.24. Following the completion of the sale, the chief operating officer now owns 67,788 shares in the company, valued at approximately $8,131,848.48. This trade represents a 29.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicolas Catoggio sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $121.14, for a total value of $726,840.00. Following the transaction, the chief executive officer now directly owns 70,501 shares in the company, valued at $8,540,491.14. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,969 shares of company stock valued at $4,322,051 over the last three months. Insiders own 11.40% of the company’s stock.

Institutional Trading of Post

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in shares of Post by 6.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after acquiring 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 during the period. Truist Financial Corp raised its holdings 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 lifted its position in Post by 1.7% during the third quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company’s stock valued at $1,076,000 after buying an additional 153 shares during the period. Finally, SkyView Investment Advisors LLC boosted its holdings in shares of Post by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,408 shares of the company’s stock valued at $857,000 after buying an additional 157 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other 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.