Post Holdings Inc. (POST) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Post Holdings Inc. (NYSE:POST) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $90.00 price objective on the stock.
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. “
Several other research analysts have also recently weighed in on POST. BMO Capital Markets restated an outperform rating and set a $90.00 target price on shares of Post Holdings in a report on Wednesday, August 10th. KeyCorp restated a buy rating and set a $90.00 target price on shares of Post Holdings in a report on Monday, June 20th. BB&T Corp. upgraded Post Holdings from a hold rating to a buy rating and set a $87.00 target price on the stock in a report on Thursday, June 23rd. Pivotal Research lowered their target price on Post Holdings from $105.00 to $90.00 and set a buy rating on the stock in a report on Monday, July 25th. Finally, Citigroup Inc. reiterated an overweight rating on shares of Post Holdings in a report on Saturday, June 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $86.00.
Post Holdings (NYSE:POST) traded down 0.54% during mid-day trading on Thursday, hitting $79.42. 148,415 shares of the company were exchanged. Post Holdings has a 12-month low of $50.93 and a 12-month high of $89.00. The stock’s market cap is $5.13 billion. The company has a 50 day moving average of $81.81 and a 200 day moving average of $78.29.
Post Holdings (NYSE:POST) last issued its earnings results on Thursday, August 4th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. On average, equities research analysts expect that Post Holdings will post $2.46 earnings per share for the current fiscal year.
In related news, CEO Richard R. Koulouris sold 21,942 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $85.33, for a total transaction of $1,872,310.86. Following the completion of the transaction, the chief executive officer now owns 28,334 shares in the company, valued at $2,417,740.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC increased its position in Post Holdings by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,102 shares of the company’s stock valued at $918,000 after buying an additional 44 shares in the last quarter. Mason Street Advisors LLC bought a new position in Post Holdings during the second quarter valued at about $2,425,000. Royal Bank of Canada increased its position in Post Holdings by 35.7% in the second quarter. Royal Bank of Canada now owns 72,180 shares of the company’s stock valued at $5,969,000 after buying an additional 18,971 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Post Holdings by 76.1% in the second quarter. Public Employees Retirement System of Ohio now owns 68,633 shares of the company’s stock valued at $5,675,000 after buying an additional 29,662 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Post Holdings by 14.4% in the second quarter. Moneta Group Investment Advisors LLC now owns 30,985 shares of the company’s stock valued at $2,562,000 after buying an additional 3,891 shares in the last quarter.
Post Holdings Company Profile
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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