Piper Sandler Has Lowered Expectations for Post (NYSE:POST) Stock Price

Post (NYSE:POST) had its target price dropped by Piper Sandler from $140.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 11.11% from the company’s current price.

Several other analysts also recently weighed in on POST. Wells Fargo & Company reduced their price objective on shares of Post from $120.00 to $116.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 19th. Evercore ISI boosted their price target on shares of Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Post Price Performance

POST stock opened at $108.00 on Thursday. The business has a 50 day moving average price of $113.59 and a 200 day moving average price of $112.74. 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 stock has a market cap of $6.28 billion, a price-to-earnings ratio of 19.15 and a beta of 0.66. Post has a fifty-two week low of $91.09 and a fifty-two week high of $125.84.

Insider Activity at Post

In other Post news, COO Jeff A. Zadoks sold 28,969 shares of Post stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total value of $3,475,121.24. Following the transaction, the chief operating officer now directly owns 67,788 shares in the company, valued at approximately $8,131,848.48. This trade represents a 29.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock worth $4,322,051 in the last 90 days. 11.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Post

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Post by 1,195.2% in the 4th quarter. SG Americas Securities LLC now owns 20,620 shares of the company’s stock worth $2,360,000 after acquiring an additional 19,028 shares during the period. Arkadios Wealth Advisors purchased a new position in Post during the fourth quarter worth about $340,000. Hennessy Advisors Inc. acquired a new stake in Post in the fourth quarter valued at about $56,864,000. Carnegie Investment Counsel boosted its holdings in Post by 9.1% in the 4th quarter. Carnegie Investment Counsel now owns 88,199 shares of the company’s stock valued at $10,095,000 after purchasing an additional 7,344 shares in the last quarter. Finally, Carolina Wealth Advisors LLC increased its position in Post by 2.7% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,750 shares of the company’s stock worth $773,000 after purchasing an additional 177 shares during the period. 94.85% of the stock is currently 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.