Piper Sandler Lowers Post (NYSE:POST) Price Target to $120.00

Post (NYSE:POST) had its target price decreased by Piper Sandler from $140.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 12.80% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company cut their target price on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 19th. 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Post has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Post Trading Down 0.5 %

Post stock traded down $0.52 during midday trading on Thursday, reaching $106.38. 248,502 shares of the stock traded hands, compared to its average volume of 491,230. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. The firm has a market cap of $6.19 billion, a PE ratio of 18.86 and a beta of 0.66. The company has a 50-day simple moving average of $113.67 and a two-hundred day simple moving average of $112.75. Post has a 12-month low of $91.09 and a 12-month high of $125.84.

Insider Buying and Selling at Post

In related news, CEO Nicolas Catoggio sold 6,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the sale, the chief executive officer now owns 70,501 shares of the company’s stock, valued at $8,540,491.14. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeff A. Zadoks sold 28,969 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the completion of the transaction, the chief operating officer now directly owns 67,788 shares of the company’s stock, valued at $8,131,848.48. The trade was a 29.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,969 shares of company stock worth $4,322,051. 11.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in shares of Post in the third quarter valued at $27,000. Fortitude Family Office LLC boosted its stake in Post by 426.0% in the 4th quarter. Fortitude Family Office LLC now owns 263 shares of the company’s stock worth $30,000 after buying an additional 213 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Post in the 3rd quarter valued at about $33,000. Quarry LP increased its stake in shares of Post by 244.9% during the 3rd quarter. Quarry LP now owns 338 shares of the company’s stock valued at $39,000 after acquiring an additional 240 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Post during the 2nd quarter valued at about $62,000. 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.