Post (NYSE:POST – Get Free Report) had its target price dropped by equities researchers at Piper Sandler from $140.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 12.80% from the stock’s previous close.
A number of other equities research analysts have also weighed in on POST. Evercore ISI boosted their target price on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company decreased their price target on shares of Post from $120.00 to $116.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.57.
Check Out Our Latest Stock Analysis on POST
Post Price Performance
Insider Buying and Selling at Post
In other Post news, COO Jeff A. Zadoks sold 28,969 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 67,788 shares in the company, valued at $8,131,848.48. This represents a 29.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 1,000 shares of Post stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $120.09, for a total value of $120,090.00. Following the sale, the senior vice president now directly owns 11,220 shares of the company’s stock, valued at approximately $1,347,409.80. This trade represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,969 shares of company stock valued at $4,322,051 in the last 90 days. Insiders own 11.40% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in POST. V Square Quantitative Management LLC purchased a new stake in shares of Post during the third quarter worth about $27,000. Fortitude Family Office LLC lifted its position in Post by 426.0% during the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock valued at $30,000 after purchasing an additional 213 shares during the period. Ashton Thomas Securities LLC purchased a new position in Post during the third quarter valued at approximately $33,000. Quarry LP grew its position in Post by 244.9% during the third quarter. Quarry LP now owns 338 shares of the company’s stock valued at $39,000 after buying an additional 240 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Post in the second quarter valued at approximately $62,000. 94.85% of the stock is currently owned by hedge funds and other 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.
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