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

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

POST has been the subject of several other reports. Evercore ISI raised 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. Piper Sandler boosted their price objective on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Finally, Mizuho decreased their price objective 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Post currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

Post Stock Performance

Shares of Post stock traded down $0.85 on Wednesday, reaching $105.82. 829,568 shares of the company traded hands, compared to its average volume of 570,065. Post has a 52 week low of $103.33 and a 52 week high of $125.84. The company has a 50 day moving average of $110.36 and a 200 day moving average of $111.56. The firm has a market capitalization of $5.90 billion, a PE ratio of 18.83 and a beta of 0.48. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.13 and a quick ratio of 1.43.

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, topping the consensus estimate of $1.18 by $0.23. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. Post had a net margin of 4.53% and a return on equity of 10.24%. Post's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. Equities analysts forecast that Post will post 6.41 earnings per share for the current year.

Insider Activity

In other news, Director William P. Stiritz bought 186,740 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the completion of the purchase, the director owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. This represents a 4.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 1,750 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer 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. Insiders own 11.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in shares of Post by 232.1% in the first quarter. Brooklyn Investment Group now owns 279 shares of the company's stock worth $32,000 after buying an additional 195 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Post by 68.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares during the last quarter. Millstone Evans Group LLC raised its holdings in shares of Post by 167.2% during the first quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock valued at $42,000 after purchasing an additional 224 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of Post by 281.2% during the fourth quarter. True Wealth Design LLC now owns 385 shares of the company's stock valued at $44,000 after purchasing an additional 284 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of Post during the second quarter valued at approximately $52,000. 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.