Wells Fargo & Company Forecasts Strong Price Appreciation for Post (NYSE:POST) Stock

Post (NYSE:POST) had its price target hoisted by Wells Fargo & Company from $116.00 to $122.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 10.00% from the stock’s current price.

A number of other research firms also recently weighed in on POST. Piper Sandler increased their price objective on Post from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday. Evercore ISI lifted their price objective on shares of Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.17.

Post Price Performance

NYSE:POST traded down $1.64 during trading hours on Monday, reaching $110.91. 80,344 shares of the company were exchanged, compared to its average volume of 531,281. The company has a market capitalization of $6.45 billion, a P/E ratio of 18.27 and a beta of 0.65. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.36 and a quick ratio of 1.56. The business has a 50 day moving average of $111.78 and a 200 day moving average of $112.84. Post has a 1-year low of $99.62 and a 1-year high of $125.84.

Post (NYSE:POST) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.40%. Research analysts forecast that Post will post 6.3 EPS for the current year.

Insider Buying and Selling

In related news, CEO Nicolas Catoggio sold 6,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the completion of the transaction, the chief executive officer now directly owns 70,501 shares in the company, valued at $8,540,491.14. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bradly A. Harper sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $120.09, for a total value of $120,090.00. Following the completion of the sale, the senior vice president now directly owns 11,220 shares in the company, valued at approximately $1,347,409.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,969 shares of company stock worth $4,322,051. 11.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Post

Hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama grew its position in Post by 4.7% in the third quarter. Retirement Systems of Alabama now owns 102,173 shares of the company’s stock worth $11,827,000 after acquiring an additional 4,606 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Post by 46.6% during the 3rd quarter. Cerity Partners LLC now owns 30,562 shares of the company’s stock valued at $3,538,000 after purchasing an additional 9,711 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Post during the fourth quarter valued at about $946,000. Sanctuary Advisors LLC bought a new position in Post during the 2nd quarter worth approximately $510,000. Finally, Adams Diversified Equity Fund Inc. bought a new stake in Post in the third quarter valued at approximately $14,480,000. 94.85% of the stock is currently owned by 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.