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

Post (NYSE:POST - Free Report) had its target price lowered by Piper Sandler from $140.00 to $120.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on POST. Evercore ISI increased their price target on shares of Post from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Wells Fargo & Company cut 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.57.

Post Stock Performance

Shares of POST stock traded up $0.41 during trading hours on Thursday, reaching $108.00. 530,848 shares of the company's stock were exchanged, compared to its average volume of 545,895. Post has a fifty-two week low of $91.09 and a fifty-two week high of $125.84. 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 capitalization of $6.28 billion, a P/E ratio of 19.15 and a beta of 0.66. The business has a fifty day moving average price of $113.64 and a 200-day moving average price of $112.71.

Insider Transactions at Post

In related news, SVP Bradly A. Harper sold 1,000 shares of the business's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $120.09, for a total value of $120,090.00. Following the sale, the senior vice president now owns 11,220 shares of the company's stock, valued at $1,347,409.80. The trade was a 8.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Catoggio sold 6,000 shares of the company'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 sale, the chief executive officer now owns 70,501 shares in the company, valued at $8,540,491.14. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,969 shares of company stock valued at $4,322,051. Company insiders own 11.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its position in Post by 1,195.2% in the 4th quarter. SG Americas Securities LLC now owns 20,620 shares of the company's stock valued at $2,360,000 after purchasing an additional 19,028 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Post in the fourth quarter valued at about $340,000. Hennessy Advisors Inc. acquired a new position in Post during the 4th quarter worth about $56,864,000. Carnegie Investment Counsel lifted its position in Post by 9.1% during the 4th quarter. Carnegie Investment Counsel now owns 88,199 shares of the company's stock worth $10,095,000 after buying an additional 7,344 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its holdings 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 acquiring an additional 177 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.