Post (NYSE:POST) Stock Price Expected to Rise, Piper Sandler Analyst Says

Post (NYSE:POST) had its price objective hoisted by Piper Sandler from $140.00 to $150.00 in a report issued on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on POST. Mizuho cut their price objective on shares of Post from $133.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th. Evercore ISI raised their price objective on shares of Post from $130.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company cut their price objective on shares of Post from $124.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.50.

Post Trading Up 0.9%

Post stock opened at $112.01 on Wednesday. The stock has a 50-day simple moving average of $111.92 and a 200 day simple moving average of $112.59. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. The stock has a market capitalization of $6.24 billion, a P/E ratio of 18.45 and a beta of 0.49. Post has a 52 week low of $99.70 and a 52 week high of $125.84.

Post (NYSE:POST) last issued its quarterly earnings data 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 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 business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. Analysts expect that Post will post 6.41 earnings per share for the current year.

Insider Activity

In other news, CEO Nicolas Catoggio sold 1,750 shares of Post stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $108.97, for a total value of $190,697.50. Following the completion of the sale, the chief executive officer now directly owns 43,751 shares in the company, valued at approximately $4,767,546.47. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Stiritz purchased 186,740 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was acquired 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. This represents a 4.54% increase in their position. The disclosure for this purchase can be found here. 11.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Post

A number of hedge funds and other institutional investors have recently made changes to their positions in POST. Brooklyn Investment Group raised its position in shares of Post by 232.1% in the first quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 195 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Post by 68.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company’s stock valued at $41,000 after purchasing an additional 143 shares in the last quarter. Millstone Evans Group LLC raised its position in Post by 167.2% during the first quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock valued at $42,000 after purchasing an additional 224 shares in the last quarter. True Wealth Design LLC raised its position in Post by 281.2% during the fourth quarter. True Wealth Design LLC now owns 385 shares of the company’s stock valued at $44,000 after purchasing an additional 284 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company’s stock valued at $56,000 after purchasing an additional 318 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

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.