Post Holdings, Inc. (POST) Rating Lowered to Hold at Zacks Investment Research
Post Holdings, Inc. (NYSE:POST) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors 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 brokerages also recently weighed in on POST. BidaskClub upgraded shares of Post Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. TheStreet cut shares of Post Holdings from a “b” rating to a “c” rating in a research note on Tuesday, May 30th. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Post Holdings in a research note on Monday, July 17th. They set a “buy” rating and a $105.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Post Holdings presently has a consensus rating of “Buy” and an average price target of $96.00.
Post Holdings (NYSE:POST) opened at 83.78 on Friday. Post Holdings has a 12-month low of $68.76 and a 12-month high of $89.04. The company’s market capitalization is $5.54 billion. The stock’s 50 day moving average price is $84.35 and its 200 day moving average price is $82.99.
Post Holdings (NYSE:POST) last posted its earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities analysts anticipate that Post Holdings will post $2.69 EPS for the current fiscal year.
Post Holdings announced that its board has initiated a share buyback program on Wednesday, June 7th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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Institutional investors have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC lifted its holdings in Post Holdings by 0.3% during the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock worth $115,000 after buying an additional 4 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Post Holdings by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock worth $170,000 after buying an additional 190 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Post Holdings by 4,660.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock worth $200,000 after buying an additional 2,237 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in Post Holdings during the 2nd quarter worth approximately $208,000. Finally, Janus Henderson Group PLC acquired a new stake in Post Holdings during the 2nd quarter worth approximately $210,000.
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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