Wells Fargo & Company Increases Post (NYSE:POST) Price Target to $122.00

Post (NYSE:POST) had its price objective increased by Wells Fargo & Company from $116.00 to $122.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.66% from the company’s current price.

Several other analysts have also recently issued reports on POST. Evercore ISI upped their price objective on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler upped their price target on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.17.

Post Stock Up 1.3 %

POST stock opened at $111.25 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. The firm has a 50 day simple moving average of $111.56 and a 200-day simple moving average of $112.85. The company has a market capitalization of $6.47 billion, a P/E ratio of 18.33 and a beta of 0.65. Post has a twelve month low of $99.62 and a twelve month high of $125.84.

Post (NYSE:POST) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.40%. On average, equities research analysts predict that Post will post 6.3 earnings per share for the current fiscal year.

Insider Activity

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $121.14, for a total transaction of $726,840.00. Following the completion of the transaction, the chief executive officer now directly owns 70,501 shares of the company’s stock, valued at $8,540,491.14. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeff A. Zadoks sold 28,969 shares of Post stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $119.96, for a total value of $3,475,121.24. Following the sale, the chief operating officer now directly owns 67,788 shares in the company, valued at approximately $8,131,848.48. This trade represents a 29.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,969 shares of company stock valued at $4,322,051. 11.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Post

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Post in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in shares of Post by 426.0% in the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock worth $30,000 after acquiring an additional 213 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Post during the third quarter valued at approximately $33,000. Quarry LP increased its stake in shares of Post by 244.9% during the third quarter. Quarry LP now owns 338 shares of the company’s stock valued at $39,000 after acquiring an additional 240 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in Post during the fourth quarter worth approximately $54,000. 94.85% of the stock is currently owned by 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.