Post (NYSE:POST) Hits New 52-Week High – Still a Buy?

Post Holdings, Inc. (NYSE:POST)’s stock price reached a new 52-week high on Monday . The company traded as high as $121.38 and last traded at $121.25, with a volume of 275589 shares changing hands. The stock had previously closed at $120.48.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target 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. Stifel Nicolaus raised their price target on shares of Post from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Post from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Evercore ISI raised their price objective on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Post has an average rating of “Moderate Buy” and a consensus price target of $124.17.

Post Stock Up 0.2 %

The stock has a 50-day moving average of $113.03 and a 200-day moving average of $110.47. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 21.36 and a beta of 0.64. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66.

Institutional Trading of Post

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. raised its holdings in shares of Post by 51.4% during the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock valued at $128,863,000 after acquiring an additional 419,945 shares during the period. Holocene Advisors LP boosted its position in shares of Post by 21.0% in the third quarter. Holocene Advisors LP now owns 1,405,298 shares of the company’s stock worth $162,663,000 after buying an additional 244,221 shares during the period. Braun Stacey Associates Inc. purchased a new position in shares of Post during the third quarter valued at $23,089,000. Allspring Global Investments Holdings LLC raised its position in Post by 901.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock valued at $20,745,000 after buying an additional 161,334 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Post by 352.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company’s stock valued at $22,709,000 after purchasing an additional 152,791 shares during the period. 94.85% of the stock is currently owned by institutional investors.

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.