Post (NYSE:POST) Given New $122.00 Price Target at Evercore ISI

Post (NYSE:POST) had its price target lifted by Evercore ISI from $118.00 to $122.00 in a research report released on Monday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

POST has been the topic of several other reports. Barclays upped their price objective on shares of Post from $105.00 to $115.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th. Mizuho increased their price target on Post from $110.00 to $128.00 and gave the stock a buy rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus boosted their target price on shares of Post from $98.00 to $115.00 and gave the stock a buy rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $113.67.

Post Stock Performance

Shares of NYSE POST opened at $105.76 on Monday. Post has a one year low of $78.85 and a one year high of $108.17. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $104.12 and a 200 day simple moving average of $95.73. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.26 and a beta of 0.65.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.22. Post had a return on equity of 10.93% and a net margin of 4.38%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $1.10 earnings per share. The business’s revenue was up 23.4% on a year-over-year basis. Sell-side analysts expect that Post will post 5.52 EPS for the current year.

Insider Activity at Post

In other Post news, CAO Diedre J. Gray sold 7,297 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $104.51, for a total value of $762,609.47. Following the completion of the sale, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at $5,337,639.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Post news, CAO Diedre J. Gray sold 7,297 shares of Post stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.51, for a total transaction of $762,609.47. Following the transaction, the chief accounting officer now directly owns 51,073 shares in the company, valued at $5,337,639.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Catoggio sold 1,500 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $105.62, for a total value of $158,430.00. Following the completion of the sale, the chief executive officer now owns 73,492 shares of the company’s stock, valued at $7,762,225.04. The disclosure for this sale can be found here. Insiders have sold 9,097 shares of company stock worth $952,272 in the last ninety days. Company insiders own 10.70% of the company’s stock.

Hedge Funds Weigh In On Post

Several hedge funds have recently made changes to their positions in POST. Nordea Investment Management AB acquired a new position in shares of Post during the 4th quarter worth about $4,698,000. Mackenzie Financial Corp bought a new stake in Post in the fourth quarter valued at approximately $1,022,000. Duality Advisers LP bought a new stake in Post in the third quarter valued at approximately $416,000. Anderson Hoagland & Co. boosted its stake in shares of Post by 15.6% during the 4th quarter. Anderson Hoagland & Co. now owns 38,794 shares of the company’s stock worth $3,605,000 after acquiring an additional 5,241 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of Post by 114.1% during the 4th quarter. Cerity Partners LLC now owns 15,791 shares of the company’s stock worth $1,391,000 after acquiring an additional 8,417 shares during the last quarter. 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.