Post (NYSE:POST) Given New $120.00 Price Target at Stifel Nicolaus

Post (NYSE:POST) had its price target raised by Stifel Nicolaus from $115.00 to $120.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Mizuho raised their price objective on Post from $110.00 to $128.00 and gave the company a buy rating in a report on Monday, February 5th. Barclays raised their price objective on Post from $105.00 to $115.00 and gave the company an overweight rating in a report on Tuesday, February 6th. Finally, Evercore ISI raised their price objective on Post from $118.00 to $122.00 and gave the company an outperform rating in a report on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Post currently has an average rating of Moderate Buy and an average price target of $112.83.

Post Price Performance

Shares of NYSE POST opened at $105.59 on Monday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.19 and a beta of 0.65. Post has a 12 month low of $78.85 and a 12 month high of $108.17. The firm’s 50 day simple moving average is $104.06 and its 200-day simple moving average is $95.49. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.16 and a quick ratio of 1.20.

Post (NYSE:POST) last announced its earnings results on Thursday, May 2nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.22. Post had a return on equity of 10.93% and a net margin of 4.38%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue was up 23.4% on a year-over-year basis. Analysts expect that Post will post 5.52 EPS for the current year.

Insider Transactions at Post

In other news, CEO Nicolas Catoggio sold 300 shares of Post stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total transaction of $31,233.00. Following the transaction, the chief executive officer now owns 74,992 shares in the company, valued at approximately $7,807,417.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Thomas C. Erb bought 1,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $104.24 per share, with a total value of $104,240.00. Following the transaction, the director now directly owns 33,475 shares in the company, valued at approximately $3,489,434. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicolas Catoggio sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $104.11, for a total transaction of $31,233.00. Following the completion of the sale, the chief executive officer now directly owns 74,992 shares in the company, valued at approximately $7,807,417.12. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.

Institutional Investors Weigh In On Post

Large investors have recently modified their holdings of the company. Clarkston Capital Partners LLC increased its holdings in Post by 12.8% in the third quarter. Clarkston Capital Partners LLC now owns 3,396,881 shares of the company’s stock valued at $291,249,000 after buying an additional 385,640 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Post by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,002,286 shares of the company’s stock worth $264,382,000 after purchasing an additional 249,155 shares during the last quarter. Norges Bank acquired a new position in Post in the fourth quarter valued at approximately $19,598,000. Wellington Management Group LLP increased its stake in Post by 14.7% in the third quarter. Wellington Management Group LLP now owns 1,634,146 shares of the company’s stock valued at $140,112,000 after purchasing an additional 209,111 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Post by 347.8% during the 4th quarter. Verition Fund Management LLC now owns 256,983 shares of the company’s stock worth $22,630,000 after buying an additional 199,592 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

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.