Post (NYSE:POST) Given New $140.00 Price Target at Piper Sandler

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

Several other analysts also recently weighed in on POST. Evercore ISI boosted their target price on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company reduced their target price on Post from $120.00 to $116.00 and set an “equal weight” rating for the company in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Post Trading Up 0.6 %

NYSE:POST opened at $111.71 on Monday. The stock has a 50-day simple moving average of $111.39 and a 200-day simple moving average of $112.87. The stock has a market cap of $6.50 billion, a P/E ratio of 18.40 and a beta of 0.65. Post has a 1 year low of $99.62 and a 1 year high of $125.84. 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 (NYSE:POST) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a return on equity of 10.40% and a net margin of 4.94%. As a group, analysts anticipate that Post will post 6.3 earnings per share for the current fiscal year.

Insider Activity

In other Post news, SVP Bradly A. Harper sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $120.09, for a total transaction of $120,090.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Kemper sold 8,939 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the sale, the director now directly owns 29,722 shares of the company’s stock, valued at approximately $3,291,711.50. This represents a 23.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,908 shares of company stock valued at $5,312,045. Insiders own 11.40% of the company’s stock.

Institutional Trading of Post

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Post by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,140,299 shares of the company’s stock valued at $588,359,000 after acquiring an additional 13,272 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Post by 21.0% during the 3rd quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after buying an additional 244,221 shares in the last quarter. Norges Bank purchased a new position in shares of Post during the 4th quarter worth approximately $108,991,000. Hennessy Advisors Inc. purchased a new position in shares of Post during the 4th quarter worth approximately $56,864,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Post during the 4th quarter worth approximately $36,751,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

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.