Post (NYSE:POST) Price Target Lowered to $117.00 at Wells Fargo & Company

Post (NYSE:POST - Free Report) had its price objective lowered by Wells Fargo & Company from $120.00 to $117.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other brokerages have also issued reports on POST. Evercore ISI boosted their price target on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Mizuho lowered their target price on Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, Piper Sandler increased their target price on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Post presently has an average rating of "Moderate Buy" and a consensus price target of $130.00.

Post Trading Up 1.8%

POST traded up $1.94 during midday trading on Wednesday, reaching $107.66. 714,475 shares of the company were exchanged, compared to its average volume of 570,344. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.43 and a current ratio of 2.13. Post has a one year low of $103.33 and a one year high of $125.84. The stock has a market capitalization of $6.00 billion, a P/E ratio of 19.16 and a beta of 0.48. The stock's 50-day simple moving average is $110.12 and its 200 day simple moving average is $111.47.

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 analysts' consensus estimates of $1.18 by $0.23. Post had a return on equity of 10.24% and a net margin of 4.53%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the business earned $1.51 earnings per share. The company's revenue was down 2.3% compared to the same quarter last year. As a group, analysts forecast that Post will post 6.41 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Post

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Post by 5.4% during the first quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock valued at $630,448,000 after purchasing an additional 277,786 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in Post by 3.2% during the first quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company's stock valued at $391,494,000 after purchasing an additional 105,325 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Post by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,201,394 shares of the company's stock valued at $366,428,000 after purchasing an additional 70,850 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Post by 53.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock valued at $119,646,000 after purchasing an additional 364,006 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock valued at $112,969,000 after purchasing an additional 790,782 shares during the last quarter. 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.