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 “buy” rating to a “hold” rating in a report released 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 equities analysts have also issued reports on POST. KeyCorp reaffirmed a “buy” rating and set a $90.00 price target on shares of Post Holdings in a research note on Monday, June 20th. BB&T Corp. raised Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Thursday, June 23rd. Citigroup Inc. reaffirmed an “overweight” rating on shares of Post Holdings in a research note on Saturday, June 25th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Post Holdings in a research note on Friday, July 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Post Holdings in a research note on Friday, July 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.00.
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Post Holdings (NYSE:POST) opened at 79.96 on Friday. The firm’s market capitalization is $5.17 billion. Post Holdings has a 1-year low of $50.93 and a 1-year high of $89.00. The company has a 50-day moving average price of $81.68 and a 200 day moving average price of $78.36.
Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 5.44% and a negative net margin of 0.76%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. Equities analysts anticipate that Post Holdings will post $2.46 earnings per share for the current year.
In other news, CEO Richard R. Koulouris sold 21,942 shares of Post Holdings stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $85.33, for a total transaction of $1,872,310.86. Following the transaction, the chief executive officer now owns 28,334 shares in the company, valued at $2,417,740.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd purchased a new position in shares of Post Holdings during the second quarter worth approximately $165,000. Anderson Hoagland & Co. purchased a new position in shares of Post Holdings during the second quarter worth approximately $215,000. Private Trust Co. NA purchased a new position in shares of Post Holdings during the second quarter worth approximately $230,000. Garrison Financial Corp purchased a new position in shares of Post Holdings during the second quarter worth approximately $231,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Post Holdings during the second quarter worth approximately $246,000.
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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