Zacks Investment Research Downgrades Post Holdings, Inc. (POST) to Hold
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 research firms have also issued reports on POST. BidaskClub upgraded Post Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. TheStreet lowered Post Holdings from a “b” rating to a “c” rating in a research report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) assumed coverage on Post Holdings in a research report on Monday, July 17th. They issued a “buy” rating and a $105.00 price target for the company. Finally, Barclays PLC restated a “buy” rating on shares of Post Holdings in a research report on Friday, July 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $96.00.
Shares of Post Holdings (NYSE POST) opened at 83.78 on Friday. The company’s market capitalization is $5.54 billion. The stock has a 50 day moving average price of $84.35 and a 200 day moving average price of $82.99. Post Holdings has a 1-year low of $68.76 and a 1-year high of $89.04.
Post Holdings (NYSE:POST) last posted its quarterly 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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 declared that its board has approved a share repurchase plan on Wednesday, June 7th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in POST. BlackRock Inc. lifted its holdings in Post Holdings by 13,702.8% in the first quarter. BlackRock Inc. now owns 5,026,019 shares of the company’s stock valued at $439,879,000 after acquiring an additional 4,989,606 shares during the last quarter. Iridian Asset Management LLC CT lifted its holdings in Post Holdings by 155.4% in the fourth quarter. Iridian Asset Management LLC CT now owns 3,178,029 shares of the company’s stock valued at $255,482,000 after acquiring an additional 1,933,773 shares during the last quarter. Wellington Management Group LLP lifted its holdings in 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 acquiring an additional 1,884,431 shares during the last quarter. First Trust Advisors LP lifted its holdings in Post Holdings by 1,617.2% in the third quarter. First Trust Advisors LP now owns 1,471,301 shares of the company’s stock valued at $113,540,000 after acquiring an additional 1,385,620 shares during the last quarter. Finally, Bridger Management LLC acquired a new position in Post Holdings in the first quarter valued at approximately $76,513,000.
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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