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

Post (NYSE:POST - Get Free Report) had its price objective hoisted by equities research analysts at Piper Sandler from $140.00 to $150.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price target suggests a potential upside of 32.02% from the company's current price.

Other equities research analysts also recently issued reports about the company. Evercore ISI boosted their price target on Post from $130.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company cut their target price 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. Finally, Mizuho decreased their price target on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $130.50.

Post Stock Performance

Shares of POST stock traded up $1.45 during trading hours on Wednesday, reaching $113.62. The company had a trading volume of 875,895 shares, compared to its average volume of 556,640. 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 business has a fifty day moving average price of $111.92 and a 200-day moving average price of $112.59. Post has a one year low of $99.70 and a one year high of $125.84. The firm has a market cap of $6.33 billion, a PE ratio of 18.72 and a beta of 0.49.

Post (NYSE:POST - Get Free Report) last issued its earnings results 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 company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. Post had a net margin of 4.94% and a return on equity of 10.48%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $1.51 earnings per share. Sell-side analysts predict that Post will post 6.41 earnings per share for the current fiscal year.

Insider Transactions at Post

In other news, Director William P. Stiritz acquired 186,740 shares of Post stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the purchase, the director now directly owns 4,298,667 shares in the company, valued at approximately $469,027,556.37. This trade represents a 4.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of Post stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $108.97, for a total transaction of $190,697.50. Following the transaction, the chief executive officer now owns 43,751 shares in the company, valued at approximately $4,767,546.47. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.40% of the company's stock.

Hedge Funds Weigh In On Post

Large investors have recently made changes to their positions in the business. Strs Ohio bought a new stake in Post during the 1st quarter valued at approximately $2,348,000. Intech Investment Management LLC lifted its holdings in shares of Post by 181.1% in the first quarter. Intech Investment Management LLC now owns 11,771 shares of the company's stock worth $1,370,000 after buying an additional 7,583 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Post by 11.1% during the first quarter. Focus Partners Wealth now owns 3,287 shares of the company's stock worth $382,000 after acquiring an additional 328 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Post by 12.3% during the first quarter. Empowered Funds LLC now owns 4,436 shares of the company's stock worth $516,000 after acquiring an additional 487 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in Post during the first quarter valued at $325,000. 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.