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

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

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

Post Trading Down 0.7%

POST stock traded down $0.78 during mid-day trading on Wednesday, reaching $106.88. The company's stock had a trading volume of 741,812 shares, compared to its average volume of 570,928. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 19.02 and a beta of 0.48. The business's 50 day moving average price is $110.00 and its 200 day moving average price is $111.42. The company has a current ratio of 2.13, a quick ratio of 1.43 and a debt-to-equity ratio of 1.81. Post has a 12 month low of $103.33 and a 12 month high of $125.84.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. Post had a return on equity of 10.24% and a net margin of 4.53%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 earnings per share. On average, equities research analysts predict that Post will post 6.41 EPS for the current year.

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 1,750 shares of the firm'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 of the company's stock, valued at $4,767,546.47. This trade represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William P. Stiritz bought 186,740 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the transaction, the director owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. The trade was a 4.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.40% of the company's stock.

Institutional Investors Weigh In On Post

Several large investors have recently added to or reduced their stakes in POST. Brooklyn Investment Group boosted its stake in Post by 232.1% in the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company's stock worth $32,000 after purchasing an additional 195 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Post by 68.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after purchasing an additional 143 shares during the period. Millstone Evans Group LLC boosted its stake in Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock worth $42,000 after purchasing an additional 224 shares during the period. True Wealth Design LLC boosted its stake in Post by 281.2% in the 4th quarter. True Wealth Design LLC now owns 385 shares of the company's stock worth $44,000 after purchasing an additional 284 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Post by 200.0% in the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after purchasing an additional 318 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.