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

Post (NYSE:POST) had its target price upped by Stifel Nicolaus from $115.00 to $120.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

POST has been the subject of several other research reports. Mizuho increased their price target on Post from $110.00 to $128.00 and gave the company a buy rating in a report on Monday, February 5th. Barclays upped their price objective on shares of Post from $105.00 to $115.00 and gave the company an overweight rating in a report on Tuesday, February 6th. Finally, Evercore ISI boosted their target price on shares of Post from $118.00 to $122.00 and gave the company an outperform rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Post has a consensus rating of Moderate Buy and a consensus target price of $113.67.

Post Stock Performance

NYSE POST opened at $105.76 on Monday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.26 and a beta of 0.65. Post has a twelve month low of $78.85 and a twelve month high of $108.17. The stock has a 50-day moving average of $104.12 and a 200 day moving average of $95.73. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 1.61.

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

Insider Transactions at Post

In other news, CAO Diedre J. Gray sold 7,297 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $104.51, for a total value of $762,609.47. Following the transaction, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at $5,337,639.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Diedre J. Gray sold 7,297 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,337,639.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicolas Catoggio sold 300 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total value of $31,233.00. Following the transaction, the chief executive officer now directly owns 74,992 shares of the company’s stock, valued at $7,807,417.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,097 shares of company stock worth $952,272. Company insiders own 10.70% of the company’s stock.

Institutional Inflows and Outflows

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