Piper Sandler Issues Pessimistic Forecast for Post (NYSE:POST) Stock Price

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

A number of other research analysts have also recently commented on POST. Wells Fargo & Company decreased their target price on shares of 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 upped their price objective on shares of Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Post Price Performance

NYSE:POST opened at $108.00 on Thursday. The company has a market capitalization of $6.28 billion, a P/E ratio of 19.15 and a beta of 0.66. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66. Post has a 52 week low of $91.09 and a 52 week high of $125.84. The stock’s fifty day moving average is $113.59 and its two-hundred day moving average is $112.74.

Insiders Place Their Bets

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $121.14, for a total value of $726,840.00. Following the completion of the transaction, the chief executive officer now owns 70,501 shares in the company, valued at $8,540,491.14. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Bradly A. Harper sold 1,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $120.09, for a total value of $120,090.00. Following the completion of the sale, the senior vice president now owns 11,220 shares in the company, valued at approximately $1,347,409.80. The trade was a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,969 shares of company stock worth $4,322,051 over the last three months. Company insiders own 11.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp boosted its stake in shares of Post by 5.0% in the 2nd quarter. Truist Financial Corp now owns 2,376 shares of the company’s stock valued at $247,000 after buying an additional 114 shares during the period. Commonwealth Equity Services LLC raised its holdings in Post by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock valued at $521,000 after acquiring an additional 117 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Post by 4.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company’s stock worth $396,000 after acquiring an additional 146 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Post by 1.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,296 shares of the company’s stock worth $1,076,000 after acquiring an additional 153 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Post by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 7,408 shares of the company’s stock valued at $857,000 after purchasing an additional 157 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

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.