Post (NYSE:POST) Price Target Raised to $120.00 at Barclays

Post (NYSE:POST) had its price target increased by Barclays from $115.00 to $120.00 in a research report released on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Evercore ISI raised their target price on Post from $118.00 to $122.00 and gave the stock an outperform rating in a research note on Monday. Stifel Nicolaus upped their price objective on Post from $115.00 to $120.00 and gave the stock a buy rating in a research report on Monday. Finally, Mizuho raised their target price on Post from $110.00 to $128.00 and gave the stock a buy rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Post presently has a consensus rating of Moderate Buy and an average target price of $113.67.

Post Price Performance

POST opened at $105.45 on Tuesday. The firm has a market capitalization of $6.40 billion, a PE ratio of 20.20 and a beta of 0.65. The business’s 50-day moving average is $104.10 and its two-hundred day moving average is $95.66. Post has a 1 year low of $78.85 and a 1 year high of $108.17. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.16 and a quick ratio of 1.20.

Post (NYSE:POST) last posted its earnings results on Thursday, May 2nd. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.22. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Post had a net margin of 4.38% and a return on equity of 10.93%. Post’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Research analysts anticipate that Post will post 5.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 300 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $104.11, for a total transaction of $31,233.00. Following the transaction, the chief executive officer now directly owns 74,992 shares of the company’s stock, valued at approximately $7,807,417.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Diedre J. Gray sold 7,297 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicolas Catoggio sold 300 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $104.11, for a total value of $31,233.00. Following the sale, the chief executive officer now owns 74,992 shares in the company, valued at approximately $7,807,417.12. The disclosure for this sale can be found here. 10.70% of the stock is owned by corporate insiders.

Institutional Trading of Post

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC grew its holdings in shares of Post by 12.8% during the third quarter. Clarkston Capital Partners LLC now owns 3,396,881 shares of the company’s stock worth $291,249,000 after buying an additional 385,640 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Post by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,002,286 shares of the company’s stock valued at $264,382,000 after purchasing an additional 249,155 shares during the period. Norges Bank acquired a new stake in Post in the 4th quarter worth about $19,598,000. Wellington Management Group LLP lifted its holdings in shares of Post by 14.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,634,146 shares of the company’s stock worth $140,112,000 after acquiring an additional 209,111 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of Post by 347.8% in the fourth quarter. Verition Fund Management LLC now owns 256,983 shares of the company’s stock worth $22,630,000 after acquiring an additional 199,592 shares during the last quarter. Hedge funds and other 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.