Post (NYSE:POST) Given New $150.00 Price Target at Piper Sandler

Post (NYSE:POST) had its target price increased by analysts at Piper Sandler from $140.00 to $150.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 32.02% from the company’s previous close.

Other analysts also recently issued research reports about the company. Mizuho reduced their price objective on Post from $133.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Evercore ISI increased their target price on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company reduced their price target on shares of Post from $124.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.50.

Post Stock Up 1.3%

Shares of POST stock opened at $113.62 on Wednesday. The company’s fifty day simple moving average is $111.91 and its two-hundred day simple moving average is $112.56. Post has a 52 week low of $99.70 and a 52 week high of $125.84. The stock has a market cap of $6.33 billion, a P/E ratio of 18.72 and a beta of 0.49. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78.

Post (NYSE:POST) last issued its earnings results on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.23. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Post had a return on equity of 10.48% and a net margin of 4.94%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 earnings per share. Analysts predict that Post will post 6.41 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Post

Institutional investors have recently made changes to their positions in the company. Aviso Financial Inc. grew its holdings in Post by 1.0% during the 1st quarter. Aviso Financial Inc. now owns 10,270 shares of the company’s stock valued at $1,195,000 after purchasing an additional 100 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Post by 6.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company’s stock worth $194,000 after purchasing an additional 103 shares during the last quarter. Savant Capital LLC grew its stake in shares of Post by 3.8% during the fourth quarter. Savant Capital LLC now owns 3,023 shares of the company’s stock valued at $346,000 after buying an additional 110 shares during the last quarter. Truist Financial Corp grew its stake in shares of Post by 4.2% during the fourth quarter. Truist Financial Corp now owns 2,781 shares of the company’s stock valued at $318,000 after buying an additional 113 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Post by 2.8% during the first quarter. Sequoia Financial Advisors LLC now owns 4,960 shares of the company’s stock valued at $577,000 after buying an additional 133 shares during the last quarter. 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.