Post (NYSE:POST) Price Target Raised to $131.00 at JPMorgan Chase & Co.

Post (NYSE:POST) had its price objective lifted by JPMorgan Chase & Co. from $122.00 to $131.00 in a research report sent to investors on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on POST. Wall Street Zen raised Post from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Wells Fargo & Company lowered their price objective on Post from $120.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 9th. Piper Sandler lifted their price objective on Post from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. Evercore ISI lifted their price objective on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Mizuho lowered their price objective on Post from $133.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.20.

Post Trading Down 1.7%

Shares of NYSE:POST opened at $111.32 on Tuesday. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 18.93 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60. The stock’s 50-day simple moving average is $108.18 and its two-hundred day simple moving average is $111.15. Post has a 52-week low of $101.05 and a 52-week high of $125.84.

Post (NYSE:POST) last announced its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.36. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. Analysts expect that Post will post 6.41 EPS for the current year.

Insider Buying and Selling

In related news, CEO Nicolas Catoggio sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $108.97, for a total value of $190,697.50. Following the transaction, the chief executive officer directly owned 43,751 shares of the company’s stock, valued at approximately $4,767,546.47. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Stiritz purchased 186,740 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average cost of $109.11 per share, for a total transaction of $20,375,201.40. Following the completion of the acquisition, the director owned 4,298,667 shares in the company, valued at $469,027,556.37. This represents a 4.54% increase in their position. The disclosure for this purchase can be found here. 11.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC lifted its holdings in Post by 6.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 21,409 shares of the company’s stock worth $2,334,000 after purchasing an additional 1,207 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Post by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 5,740 shares of the company’s stock worth $607,000 after purchasing an additional 166 shares in the last quarter. State of Wyoming lifted its holdings in Post by 25.1% in the 2nd quarter. State of Wyoming now owns 2,228 shares of the company’s stock worth $243,000 after purchasing an additional 447 shares in the last quarter. Hohimer Wealth Management LLC lifted its holdings in Post by 7.9% in the 2nd quarter. Hohimer Wealth Management LLC now owns 5,098 shares of the company’s stock worth $556,000 after purchasing an additional 375 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its holdings in Post by 93.9% in the 2nd quarter. Hudson Bay Capital Management LP now owns 53,582 shares of the company’s stock worth $5,842,000 after purchasing an additional 25,950 shares in the last quarter. 94.85% of the stock is owned by hedge funds and other 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.