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

Post (NYSE:POST) had its price target raised by Wells Fargo & Company from $122.00 to $124.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

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

Post Stock Performance

NYSE:POST opened at $117.51 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. Post has a twelve month low of $99.62 and a twelve month high of $125.84. The stock has a market cap of $6.64 billion, a P/E ratio of 19.36 and a beta of 0.65. The firm’s fifty day simple moving average is $112.28 and its 200 day simple moving average is $112.80.

Post (NYSE:POST) last announced its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share 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 10.48%. As a group, research analysts predict that Post will post 6.41 EPS for the current year.

Insiders Place Their Bets

In related news, Director David W. Kemper sold 8,939 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the transaction, the director now owns 29,722 shares in the company, valued at $3,291,711.50. The trade was a 23.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the stock in a transaction dated 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 directly owns 8,741 shares in the company, valued at $1,001,631.19. This trade represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,096 shares of company stock worth $4,129,355. 11.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in Post by 426.0% in the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock worth $30,000 after acquiring an additional 213 shares during the last quarter. Quarry LP lifted its holdings in shares of Post by 244.9% during the third quarter. Quarry LP now owns 338 shares of the company’s stock valued at $39,000 after purchasing an additional 240 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Post by 68.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company’s stock valued at $41,000 after buying an additional 143 shares during the last quarter. True Wealth Design LLC increased its holdings in Post by 281.2% in the 4th quarter. True Wealth Design LLC now owns 385 shares of the company’s stock worth $44,000 after buying an additional 284 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Post in the 4th quarter worth about $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.