Post (NYSE:POST) Price Target Raised to $122.00 at Wells Fargo & Company

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

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

Post Trading Down 2.4 %

Post stock opened at $109.87 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.56 and a current ratio of 2.36. Post has a fifty-two week low of $99.62 and a fifty-two week high of $125.84. The stock has a market cap of $6.39 billion, a P/E ratio of 18.10 and a beta of 0.65. The firm’s fifty day moving average price is $111.78 and its 200-day moving average price is $112.84.

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

Insider Activity at Post

In related news, CEO Nicolas Catoggio sold 6,000 shares of Post stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the sale, the chief executive officer now directly owns 70,501 shares in the company, valued at $8,540,491.14. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Bradly A. Harper sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $120.09, for a total value of $120,090.00. Following the transaction, the senior vice president now directly owns 11,220 shares of the company’s stock, valued at $1,347,409.80. This represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,969 shares of company stock worth $4,322,051 in the last three months. 11.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Post

Several institutional investors and hedge funds have recently made changes to their positions in POST. V Square Quantitative Management LLC purchased a new stake in shares of Post during the third quarter valued at $27,000. Fortitude Family Office LLC lifted its holdings in shares of Post by 426.0% during the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock valued at $30,000 after buying an additional 213 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Post in the 3rd quarter worth $33,000. Quarry LP grew its holdings in shares of Post by 244.9% in the third quarter. Quarry LP now owns 338 shares of the company’s stock worth $39,000 after acquiring an additional 240 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in Post during the fourth quarter valued at $54,000. 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.