Post Holdings Inc. (POST) Downgraded by Zacks Investment Research
Post Holdings Inc. (NYSE:POST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “
POST has been the topic of a number of other research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Post Holdings in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Post Holdings in a research report on Friday, July 15th. Citigroup Inc. reaffirmed an “overweight” rating on shares of Post Holdings in a research report on Saturday, June 25th. Pivotal Research cut their price objective 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, KeyCorp reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Post Holdings in a research report on Monday, June 20th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Post Holdings currently has an average rating of “Buy” and an average price target of $86.00.
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Shares of Post Holdings (NYSE:POST) opened at 79.96 on Friday. The stock’s market capitalization is $5.17 billion. Post Holdings has a one year low of $50.93 and a one year high of $89.00. The firm’s 50-day moving average is $81.68 and its 200-day moving average is $78.36.
Post Holdings (NYSE:POST) last posted its earnings results on Thursday, August 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Post Holdings had a negative net margin of 0.76% and a positive return on equity of 5.44%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. On average, analysts expect that Post Holdings will post $2.46 earnings per share for the current fiscal year.
In other Post Holdings news, CEO Richard R. Koulouris sold 21,942 shares of Post Holdings stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 28,334 shares in the company, valued at approximately $2,417,740.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted 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 valued at $424,312,000 after buying an additional 1,884,431 shares during the last quarter. Bridger Management LLC acquired a new stake in shares of Post Holdings during the first quarter valued at approximately $76,513,000. BlueMountain Capital Management LLC boosted 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 valued at $80,425,000 after buying an additional 527,618 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Post Holdings during the second quarter valued at approximately $39,749,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Post Holdings during the second quarter valued at approximately $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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