Post Holdings Inc. (NYSE:POST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “Post Holdings Inc. is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada. The Company’s products are manufactured through a production platform consisting of four owned primary facilities and sold through a variety of channels such as grocery stores, mass merchandisers, club stores, and drug stores. Its portfolio of brands includes diverse offerings such as Honey Bunches of Oats, Pebbles, Post Selects, Great Grains, Spoon Size Shredded Wheat, Post Raisin Bran, Grape-Nuts and Honeycomb. Post Holdings Inc. is based in St. Louis, Missouri. “
A number of other research analysts have also issued reports on the company. BMO Capital Markets lowered Post Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $90.00 to $83.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Pivotal Research decreased their target price on Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a report on Monday, July 25th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Post Holdings in a report on Friday, July 15th. Citigroup Inc. reiterated an “overweight” rating on shares of Post Holdings in a report on Saturday, June 25th. Finally, BB&T Corp. upgraded Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.00.
Shares of Post Holdings (NYSE:POST) opened at 79.96 on Friday. The stock’s market cap is $5.17 billion. Post Holdings has a 1-year low of $50.93 and a 1-year high of $89.00. The firm’s 50-day moving average price is $81.68 and its 200 day moving average price is $78.36.
Post Holdings (NYSE:POST) last released its earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.13. The firm earned $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. Post Holdings’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Post Holdings will post $2.46 earnings per share for the current fiscal year.
In other news, CEO Richard R. Koulouris sold 21,942 shares of Post Holdings stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $85.33, for a total transaction of $1,872,310.86. Following the sale, the chief executive officer now owns 28,334 shares in the company, valued at $2,417,740.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of POST. University of Notre Dame DU Lac boosted its position in shares of Post Holdings by 12.7% in the first quarter. University of Notre Dame DU Lac now owns 19,402 shares of the company’s stock valued at $1,334,000 after buying an additional 2,185 shares during the period. Geode Capital Management LLC boosted its position in shares of Post Holdings by 5.4% in the first quarter. Geode Capital Management LLC now owns 482,860 shares of the company’s stock valued at $33,206,000 after buying an additional 24,706 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Post Holdings by 24.2% in the first quarter. Loomis Sayles & Co. L P now owns 690,875 shares of the company’s stock valued at $47,512,000 after buying an additional 134,635 shares during the period. Quadrature Capital Ltd bought a new position in shares of Post Holdings during the first quarter valued at about $1,072,000. Finally, State Street Corp boosted its position in shares of Post Holdings by 3.0% in the first quarter. State Street Corp now owns 2,022,595 shares of the company’s stock valued at $139,099,000 after buying an additional 59,433 shares during the period.
About Post Holdings
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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