Barclays Increases Post (NYSE:POST) Price Target to $120.00

Post (NYSE:POST) had its price target hoisted by equities researchers at Barclays from $115.00 to $120.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 13.46% from the stock’s current price.

Several other brokerages also recently commented on POST. Evercore ISI raised their target price on Post from $118.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday. Mizuho boosted their price objective on shares of Post from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus increased their target price on shares of Post from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.67.

Post Price Performance

POST opened at $105.76 on Tuesday. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.26 and a beta of 0.65. The company has a quick ratio of 1.20, a current ratio of 2.16 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average price of $104.12 and a 200-day moving average price of $95.73. Post has a twelve month low of $78.85 and a twelve month high of $108.17.

Post (NYSE:POST) last issued its earnings results on Thursday, May 2nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.22. Post had a net margin of 4.38% and a return on equity of 10.93%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. Equities analysts expect that Post will post 5.52 EPS for the current year.

Insider Buying and Selling at Post

In other news, CAO Diedre J. Gray sold 7,297 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.51, for a total value of $762,609.47. Following the transaction, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at approximately $5,337,639.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Post news, CAO Diedre J. Gray sold 7,297 shares of Post stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.51, for a total transaction of $762,609.47. Following the completion of the sale, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at $5,337,639.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Catoggio sold 300 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total value of $31,233.00. Following the completion of the transaction, the chief executive officer now owns 74,992 shares of the company’s stock, valued at $7,807,417.12. The disclosure for this sale can be found here. Insiders sold a total of 9,097 shares of company stock worth $952,272 over the last three months. 10.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Post

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in Post in the 4th quarter worth $25,000. TFO Wealth Partners LLC grew its stake in shares of Post by 9,966.7% during the fourth quarter. TFO Wealth Partners LLC now owns 302 shares of the company’s stock valued at $264,000 after buying an additional 299 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Post in the third quarter worth about $26,000. Parallel Advisors LLC lifted its stake in shares of Post by 487.0% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Post by 56.8% during the 1st quarter. Venturi Wealth Management LLC now owns 359 shares of the company’s stock valued at $38,000 after acquiring an additional 130 shares during the period. 94.85% of the stock is currently owned by institutional investors.

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.