Post (NYSE:POST) PT Raised to $120.00

Post (NYSE:POST) had its price objective hoisted by equities research analysts at Barclays from $115.00 to $120.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 14.20% from the stock’s previous close.

Several other research firms have also issued reports on POST. Evercore ISI raised their price target on Post from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus raised their price objective on shares of Post from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. Finally, Mizuho upped their target price on shares of Post from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.67.

Post Stock Performance

Post stock traded down $0.30 during midday trading on Tuesday, reaching $105.08. The stock had a trading volume of 98,765 shares, compared to its average volume of 610,038. The firm’s 50-day moving average price is $104.06 and its 200 day moving average price is $95.49. Post has a 12 month low of $78.85 and a 12 month high of $108.17. The company has a quick ratio of 1.20, a current ratio of 2.16 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $6.38 billion, a PE ratio of 20.16 and a beta of 0.65.

Post (NYSE:POST) last posted its earnings results on Thursday, May 2nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.22. Post had a net margin of 4.38% and a return on equity of 10.93%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, research analysts predict that Post will post 5.52 earnings per share for the current fiscal year.

Insider Transactions at Post

In other news, CEO Nicolas Catoggio sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total transaction of $31,233.00. Following the transaction, the chief executive officer now owns 74,992 shares of the company’s stock, valued at approximately $7,807,417.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Post news, CAO Diedre J. Gray sold 7,297 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.51, for a total value of $762,609.47. Following the completion of the sale, the chief accounting officer now owns 51,073 shares of the company’s stock, valued at $5,337,639.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Nicolas Catoggio sold 300 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total value of $31,233.00. Following the completion of the transaction, the chief executive officer now owns 74,992 shares of the company’s stock, valued at approximately $7,807,417.12. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.

Institutional Investors Weigh In On Post

Several hedge funds have recently modified their holdings of the company. Ironwood Investment Counsel LLC lifted its stake in shares of Post by 2.3% in the fourth quarter. Ironwood Investment Counsel LLC now owns 4,615 shares of the company’s stock worth $406,000 after buying an additional 105 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Post by 7.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,649 shares of the company’s stock valued at $145,000 after purchasing an additional 112 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Post by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 23,492 shares of the company’s stock valued at $2,014,000 after buying an additional 120 shares during the period. Venturi Wealth Management LLC grew its position in shares of Post by 56.8% during the first quarter. Venturi Wealth Management LLC now owns 359 shares of the company’s stock worth $38,000 after buying an additional 130 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Post by 0.3% during the third quarter. Stifel Financial Corp now owns 44,692 shares of the company’s stock worth $3,832,000 after buying an additional 139 shares during the period. 94.85% of the stock is 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.