Post Holdings Inc. (POST) Lowered to Market Perform at BMO Capital Markets
Post Holdings Inc. (NYSE:POST) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Wednesday. They presently have a $83.00 price target on the stock, down from their previous price target of $90.00. BMO Capital Markets’ price target would indicate a potential upside of 6.45% from the company’s current price. The analysts noted that the move was a valuation call.
Other analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Post Holdings in a research report on Friday, July 15th. Zacks Investment Research raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Saturday, July 30th. KeyCorp reissued a “buy” rating and set a $90.00 target price on shares of Post Holdings in a research report on Monday, June 20th. Pivotal Research dropped their target price on shares of Post Holdings from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Finally, BB&T Corp. raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.43.
Shares of Post Holdings (NYSE:POST) traded down 0.57% on Wednesday, hitting $77.97. The stock had a trading volume of 1,481,258 shares. The company’s market capitalization is $5.04 billion. The firm has a 50-day moving average of $83.65 and a 200 day moving average of $77.72. Post Holdings has a 1-year low of $50.93 and a 1-year high of $89.00.
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Post Holdings (NYSE:POST) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.62 EPS for the quarter, topping the 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 negative net margin of 0.76% and a positive return on equity of 5.44%. Post Holdings’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. On average, equities analysts anticipate 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 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 sale, the chief executive officer now directly owns 28,334 shares of the company’s stock, valued at $2,417,740.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake 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 worth $47,512,000 after buying an additional 134,635 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Post Holdings during the first quarter worth about $1,072,000. State Street Corp increased its stake 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 worth $139,099,000 after buying an additional 59,433 shares during the period. Cupps Capital Management LLC increased its stake in shares of Post Holdings by 9.5% in the first quarter. Cupps Capital Management LLC now owns 27,816 shares of the company’s stock worth $1,912,000 after buying an additional 2,420 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Post Holdings by 22.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 8,100 shares of the company’s stock worth $557,000 after buying an additional 1,500 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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