Post (NYSE:POST) Given New $127.00 Price Target at Mizuho

Post (NYSE:POST) had its price objective dropped by investment analysts at Mizuho from $133.00 to $127.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 16.62% from the company’s previous close.

Several other brokerages have also weighed in on POST. Wells Fargo & Company dropped their target price on Post from $124.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Piper Sandler increased their price target on Post from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Post Price Performance

Shares of POST traded down $0.90 during trading hours on Wednesday, reaching $108.90. 118,140 shares of the company traded hands, compared to its average volume of 549,381. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $6.07 billion, a PE ratio of 17.95 and a beta of 0.50. Post has a fifty-two week low of $99.70 and a fifty-two week high of $125.84. The stock has a fifty day simple moving average of $113.00 and a 200 day simple moving average of $112.61.

Post (NYSE:POST) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.23. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. Post had a return on equity of 10.48% and a net margin of 4.94%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.51 EPS. As a group, research analysts predict that Post will post 6.41 EPS for the current fiscal year.

Insider Activity at Post

In other news, CEO Nicolas Catoggio sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $114.50, for a total transaction of $572,500.00. Following the completion of the sale, the chief executive officer now directly owns 50,501 shares of the company’s stock, valued at $5,782,364.50. This trade represents a 9.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares of the company’s stock, 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. Company insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Post

Several hedge funds and other institutional investors have recently modified their holdings of POST. Exchange Traded Concepts LLC lifted its position in shares of Post by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,450 shares of the company’s stock worth $738,000 after buying an additional 160 shares during the period. Blue Trust Inc. grew its holdings in shares of Post by 68.1% during the fourth quarter. Blue Trust Inc. now owns 1,815 shares of the company’s stock worth $210,000 after purchasing an additional 735 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Post during the fourth quarter worth $208,000. Longboard Asset Management LP bought a new stake in shares of Post during the fourth quarter worth $232,000. Finally, Retirement Systems of Alabama raised its position in shares of Post by 28.4% during the fourth quarter. Retirement Systems of Alabama now owns 131,155 shares of the company’s stock worth $15,012,000 after acquiring an additional 28,982 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Post Company Profile

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.