Wells Fargo & Company Cuts Post (NYSE:POST) Price Target to $120.00

Post (NYSE:POST - Get Free Report) had its target price reduced by research analysts at Wells Fargo & Company from $124.00 to $120.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 9.60% from the stock's current price.

Separately, Piper Sandler increased their price objective on Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.20.

Post Trading Down 1.1%

Shares of POST traded down $1.26 during trading on Monday, reaching $109.49. 498,406 shares of the company traded hands, compared to its average volume of 544,556. The stock has a market cap of $6.18 billion, a PE ratio of 18.05 and a beta of 0.50. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78. Post has a twelve month low of $99.70 and a twelve month high of $125.84. The stock has a 50-day simple moving average of $113.99 and a 200-day simple moving average of $112.69.

Post (NYSE:POST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. Post had a return on equity of 10.48% and a net margin of 4.94%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The company's revenue was down 2.3% on a year-over-year basis. On average, analysts anticipate that Post will post 6.41 earnings per share for the current year.

Insider Activity at Post

In other Post news, CEO Nicolas Catoggio sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $116.50, for a total transaction of $582,500.00. Following the transaction, the chief executive officer now directly owns 55,501 shares of the company's stock, valued at approximately $6,465,866.50. This trade represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David W. Kemper sold 8,939 shares of Post stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the completion of the sale, the director now owns 29,722 shares in the company, valued at approximately $3,291,711.50. This trade represents a 23.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,096 shares of company stock valued at $4,129,355 in the last three months. 11.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Post

A number of institutional investors and hedge funds have recently modified their holdings of POST. Covestor Ltd grew its stake in Post by 185.3% in the 1st quarter. Covestor Ltd now owns 910 shares of the company's stock worth $106,000 after acquiring an additional 591 shares during the period. Vanguard Group Inc. grew its position in Post by 5.4% in the first quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock valued at $630,448,000 after acquiring an additional 277,786 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Post during the 1st quarter worth $2,195,000. Argent Trust Co boosted its holdings in Post by 26.4% in the first quarter. Argent Trust Co now owns 5,105 shares of the company's stock valued at $594,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its position in shares of Post by 145.5% during the first quarter. Jefferies Financial Group Inc. now owns 6,186 shares of the company's stock worth $720,000 after buying an additional 3,666 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

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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