Post (NYSE:POST) Given New $120.00 Price Target at Piper Sandler

Post (NYSE:POST) had its target price reduced by Piper Sandler from $140.00 to $120.00 in a research note published on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other analysts have also recently commented on the company. Wells Fargo & Company dropped their price objective on Post from $120.00 to $116.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 19th. Evercore ISI lifted their price objective on Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Post currently has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Post Trading Up 0.4 %

Post stock opened at $108.00 on Thursday. The stock has a market cap of $6.28 billion, a PE ratio of 19.15 and a beta of 0.66. The stock has a 50-day moving average price of $113.59 and a 200 day moving average price of $112.80. Post has a 52 week low of $91.09 and a 52 week high of $125.84. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66.

Insiders Place Their Bets

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total value of $726,840.00. Following the completion of the transaction, the chief executive officer now owns 70,501 shares in the company, valued at $8,540,491.14. This represents a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bradly A. Harper sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $120.09, for a total value of $120,090.00. Following the completion of the transaction, the senior vice president now owns 11,220 shares of the company’s stock, valued at approximately $1,347,409.80. This represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,969 shares of company stock valued at $4,322,051. Insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Post

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp raised its position in shares of Post by 5.0% in the 2nd quarter. Truist Financial Corp now owns 2,376 shares of the company’s stock valued at $247,000 after purchasing an additional 114 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Post by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock valued at $521,000 after purchasing an additional 117 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Post by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company’s stock valued at $396,000 after purchasing an additional 146 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Post by 1.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company’s stock valued at $1,076,000 after acquiring an additional 153 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of Post by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,408 shares of the company’s stock valued at $857,000 after acquiring an additional 157 shares in the last quarter. 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.