Wells Fargo & Company Boosts Post (NYSE:POST) Price Target to $120.00

Post (NYSE:POST) had its target price raised by Wells Fargo & Company from $108.00 to $120.00 in a report released on Monday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also issued reports on POST. Barclays upped their target price on shares of Post from $115.00 to $120.00 and gave the stock an overweight rating in a research note on Tuesday, May 7th. Stifel Nicolaus lifted their target price on shares of Post from $115.00 to $120.00 and gave the stock a buy rating in a research report on Monday, May 6th. Finally, Evercore ISI increased their price target on Post from $118.00 to $122.00 and gave the company an outperform rating in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $124.33.

Post Price Performance

Shares of NYSE POST opened at $111.16 on Monday. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 21.30 and a beta of 0.64. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.20 and a current ratio of 2.16. Post has a fifty-two week low of $78.85 and a fifty-two week high of $114.28. The firm’s 50-day simple moving average is $105.99 and its 200 day simple moving average is $104.31.

Post (NYSE:POST) last posted its earnings results on Thursday, August 1st. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.33. Post had a return on equity of 10.93% and a net margin of 4.46%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Post will post 5.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Post

In other Post news, Director Robert E. Grote sold 16,845 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $104.58, for a total value of $1,761,650.10. Following the sale, the director now directly owns 4,400 shares in the company, valued at $460,152. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robert E. Grote sold 16,845 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $104.58, for a total transaction of $1,761,650.10. Following the sale, the director now directly owns 4,400 shares in the company, valued at approximately $460,152. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory L. Curl sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $106.06, for a total transaction of $424,240.00. Following the completion of the transaction, the director now directly owns 21,181 shares of the company’s stock, valued at $2,246,456.86. The disclosure for this sale can be found here. 10.70% of the stock is owned by corporate insiders.

Institutional Trading of Post

Institutional investors have recently added to or reduced their stakes in the stock. Meyer Handelman Co. bought a new stake in shares of Post during the first quarter valued at about $1,010,000. Hsbc Holdings PLC bought a new stake in Post during the 4th quarter worth approximately $2,634,000. Janney Montgomery Scott LLC purchased a new stake in Post in the 1st quarter worth approximately $605,000. 3Chopt Investment Partners LLC bought a new position in Post in the 4th quarter valued at $840,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Post during the 4th quarter valued at $1,022,000. Hedge funds and other institutional investors 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.