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

Post (NYSE:POST) had its price target increased by Wells Fargo & Company from $116.00 to $122.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler lifted their price target 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 target on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One research 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Post Stock Performance

Shares of POST stock opened at $111.71 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average of $111.39 and a two-hundred day moving average of $112.87. Post has a 52 week low of $99.62 and a 52 week high of $125.84. The company has a market cap of $6.50 billion, a P/E ratio of 18.40 and a beta of 0.65.

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

Insider Buying and Selling

In related news, COO Jeff A. Zadoks sold 28,969 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the sale, the chief operating officer now owns 67,788 shares of the company’s stock, valued at $8,131,848.48. The trade was a 29.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Kemper sold 8,939 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total value of $989,994.25. Following the sale, the director now directly owns 29,722 shares in the company, valued at approximately $3,291,711.50. The trade was a 23.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,908 shares of company stock valued at $5,312,045 over the last quarter. Corporate insiders own 11.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in POST. Norges Bank acquired a new position in Post in the fourth quarter worth approximately $108,991,000. Hennessy Advisors Inc. acquired a new position in Post in the fourth quarter worth approximately $56,864,000. Raymond James Financial Inc. acquired a new position in Post in the fourth quarter worth approximately $36,751,000. Holocene Advisors LP grew its position in Post by 21.0% in the third quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after buying an additional 244,221 shares during the last quarter. Finally, Braun Stacey Associates Inc. acquired a new position in Post in the third quarter worth approximately $23,089,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.