Post (NYSE:POST) Given New $124.00 Price Target at Wells Fargo & Company

Post (NYSE:POST) had its price target hoisted by analysts at Wells Fargo & Company from $122.00 to $124.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.88% from the stock’s current price.

Separately, Piper Sandler boosted their price target on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.50.

Post Stock Up 2.1 %

POST traded up $2.48 during mid-day trading on Wednesday, reaching $118.23. 394,299 shares of the stock were exchanged, compared to its average volume of 524,386. Post has a 1 year low of $99.62 and a 1 year high of $125.84. The stock has a market capitalization of $6.68 billion, a PE ratio of 19.48 and a beta of 0.65. 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 company has a 50 day moving average price of $111.85 and a two-hundred day moving average price of $112.75.

Post (NYSE:POST) last posted its earnings results on Thursday, February 6th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a return on equity of 10.48% and a net margin of 4.94%. As a group, research analysts anticipate that Post will post 6.41 EPS for the current year.

Insider Buying and Selling

In related news, SVP Bradly A. Harper sold 2,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total value of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares of the company’s stock, valued at $1,001,631.19. This represents a 18.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David W. Kemper sold 8,939 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total transaction of $989,994.25. Following the sale, the director now directly owns 29,722 shares of the company’s stock, valued at $3,291,711.50. This represents a 23.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,096 shares of company stock worth $4,129,355. Corporate insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Post

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in Post by 8.4% during the third quarter. Janus Henderson Group PLC now owns 23,619 shares of the company’s stock valued at $2,733,000 after acquiring an additional 1,827 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Post by 11.6% during the third quarter. Integrated Wealth Concepts LLC now owns 2,831 shares of the company’s stock worth $328,000 after acquiring an additional 295 shares during the last quarter. Quarry LP lifted its stake in shares of Post by 244.9% during the third quarter. Quarry LP now owns 338 shares of the company’s stock worth $39,000 after buying an additional 240 shares during the period. Quantinno Capital Management LP increased its position in shares of Post by 8.9% in the 3rd quarter. Quantinno Capital Management LP now owns 69,197 shares of the company’s stock valued at $8,010,000 after acquiring an additional 5,670 shares during the period. Finally, Stifel Financial Corp lifted its position in Post by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 48,808 shares of the company’s stock worth $5,650,000 after acquiring an additional 377 shares during the period. 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.