Piper Sandler Boosts Post (NYSE:POST) Price Target to $115.00

Post (NYSE:POSTGet Rating) had its target price upped by Piper Sandler from $107.00 to $115.00 in a research report report published on Tuesday morning, The Fly reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Post from $95.00 to $100.00 in a research note on Monday, August 8th. BMO Capital Markets upped their target price on Post from $96.00 to $99.00 and gave the stock a market perform rating in a report on Monday, November 21st. StockNews.com upgraded Post from a hold rating to a buy rating in a research note on Monday, November 21st. Finally, Evercore ISI upped their price target on Post to $98.00 in a research note on Monday, August 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $94.14.

Post Stock Performance

Shares of POST stock opened at $95.75 on Tuesday. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 7.85 and a beta of 0.65. The stock has a fifty day moving average of $87.74 and a 200 day moving average of $85.49. Post has a 52 week low of $62.83 and a 52 week high of $95.83. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 1.82.

Insider Buying and Selling at Post

In other news, CEO Nicolas Catoggio sold 2,211 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $91.58, for a total value of $202,483.38. Following the sale, the chief executive officer now directly owns 51,770 shares of the company’s stock, valued at $4,741,096.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Post news, CEO Nicolas Catoggio sold 2,211 shares of Post stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $91.58, for a total value of $202,483.38. Following the completion of the transaction, the chief executive officer now directly owns 51,770 shares of the company’s stock, valued at $4,741,096.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bradly A. Harper sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $94.26, for a total transaction of $188,520.00. Following the sale, the senior vice president now owns 7,219 shares in the company, valued at approximately $680,462.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,511 shares of company stock worth $418,501. 9.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of POST. Standard Family Office LLC bought a new stake in Post in the 3rd quarter worth about $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Post by 48.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 357 shares of the company’s stock valued at $29,000 after acquiring an additional 117 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Post in the first quarter worth approximately $30,000. Bessemer Group Inc. lifted its position in Post by 1,015.0% during the third quarter. Bessemer Group Inc. now owns 446 shares of the company’s stock valued at $37,000 after purchasing an additional 406 shares during the period. Finally, Ellevest Inc. boosted its holdings in Post by 136.9% in the third quarter. Ellevest Inc. now owns 507 shares of the company’s stock worth $42,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 90.33% of the company’s stock.

About Post

(Get Rating)

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

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