Post Holdings Inc. (POST) Downgraded by Zacks Investment Research to “Hold”
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. “
Other analysts have also issued research reports about the company. Goldman Sachs Group Inc. reiterated a buy rating on shares of Post Holdings in a report on Friday, July 15th. KeyCorp reiterated a buy rating and set a $90.00 target price on shares of Post Holdings in a report on Monday, June 20th. BMO Capital Markets lowered Post Holdings from an outperform rating to a market perform rating and dropped their target price for the stock from $90.00 to $83.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Pivotal Research dropped 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, 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $86.00.
Shares of Post Holdings (NYSE:POST) opened at 79.96 on Friday. The firm’s market cap is $5.17 billion. Post Holdings has a one year low of $50.93 and a one year high of $89.00. The stock’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, topping the consensus estimate of $0.49 by $0.13. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. Post Holdings’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate 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 the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $85.33, for a total value of $1,872,310.86. Following the transaction, the chief executive officer now owns 28,334 shares of the company’s stock, valued at $2,417,740.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Post Holdings by 44.0% in the first quarter. Wellington Management Group LLP now owns 6,170,022 shares of the company’s stock worth $424,312,000 after buying an additional 1,884,431 shares in the last quarter. Bridger Management LLC bought a new stake in shares of Post Holdings during the first quarter worth about $76,513,000. BlueMountain Capital Management LLC increased its stake in shares of Post Holdings by 118.6% in the second quarter. BlueMountain Capital Management LLC now owns 972,606 shares of the company’s stock worth $80,425,000 after buying an additional 527,618 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Post Holdings during the second quarter worth about $39,749,000. Finally, Schroder Investment Management Group bought a new stake in shares of Post Holdings during the second quarter worth about $30,336,000.
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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