Wells Fargo & Company Cuts Post (NYSE:POST) Price Target to $120.00

Post (NYSE:POST) had its price objective cut by Wells Fargo & Company from $124.00 to $120.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Piper Sandler upped their price target on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.20.

Post Stock Down 0.5%

Shares of NYSE:POST opened at $108.19 on Monday. The company has a market capitalization of $6.11 billion, a PE ratio of 17.82 and a beta of 0.50. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78. Post has a twelve month low of $99.70 and a twelve month high of $125.84. The firm has a 50 day simple moving average of $113.79 and a 200-day simple moving average of $112.65.

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

Insider Activity at Post

In other Post news, SVP Bradly A. Harper sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the completion of the transaction, the senior vice president now owns 8,741 shares in the company, valued at approximately $1,001,631.19. This represents a 18.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicolas Catoggio sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $116.50, for a total transaction of $582,500.00. Following the transaction, the chief executive officer now owns 55,501 shares of the company’s stock, valued at approximately $6,465,866.50. The trade was a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,157 shares of company stock worth $3,139,361 in the last 90 days. 11.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Post

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Post by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company’s stock worth $630,448,000 after buying an additional 277,786 shares during the last quarter. Clarkston Capital Partners LLC raised its position in Post by 3.2% during the 1st quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company’s stock worth $391,494,000 after buying an additional 105,325 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Post by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company’s stock worth $366,428,000 after buying an additional 70,850 shares during the last quarter. Point72 Asset Management L.P. raised its position in Post by 53.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company’s stock worth $119,646,000 after buying an additional 364,006 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Post by 403.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company’s stock worth $112,969,000 after buying an additional 790,782 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.