Post Holdings Inc. (POST) Lifted to Hold at Zacks Investment Research
Post Holdings Inc. (NYSE:POST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
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 equities research analysts have also recently weighed in on POST. Stifel Nicolaus dropped their target price on Post Holdings from $95.00 to $85.00 and set a “buy” rating for the company in a report on Monday. BMO Capital Markets restated a “hold” rating and set a $83.00 target price on shares of Post Holdings in a report on Tuesday. Finally, TheStreet cut Post Holdings from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $86.00.
Shares of Post Holdings (NYSE:POST) opened at 74.22 on Thursday. The company’s market capitalization is $4.82 billion. Post Holdings has a one year low of $50.93 and a one year high of $89.00. The firm has a 50-day moving average price of $76.61 and a 200-day moving average price of $79.78.
Post Holdings (NYSE:POST) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. Post Holdings had a positive return on equity of 6.92% and a negative net margin of 0.07%. The firm earned $1.26 billion during the quarter. During the same quarter in the previous year, the company posted $0.06 earnings per share. Post Holdings’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts forecast that Post Holdings will post $2.63 earnings per share for the current year.
In other Post Holdings news, Director William P. Stiritz acquired 120,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was acquired at an average price of $75.48 per share, for a total transaction of $9,057,600.00. Following the acquisition, the director now owns 1,381,996 shares in the company, valued at approximately $104,313,058.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of Post Holdings during the third quarter valued at about $139,000. Acrospire Investment Management LLC raised its position in shares of Post Holdings by 50.0% in the third quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock valued at $139,000 after buying an additional 600 shares in the last quarter. Creative Planning raised its position in shares of Post Holdings by 68.1% in the third quarter. Creative Planning now owns 1,810 shares of the company’s stock valued at $140,000 after buying an additional 733 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Post Holdings by 14.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,004 shares of the company’s stock valued at $155,000 after buying an additional 249 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Post Holdings during the second quarter valued at about $165,000.
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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.
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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