Zacks Investment Research Downgrades Post (POST) to Hold
Post (NYSE:POST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and 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. “
Several other research firms also recently weighed in on POST. BidaskClub upgraded shares of Post from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Wells Fargo & Company upped their price target on shares of Post from $96.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. Pivotal Research restated a “buy” rating and set a $105.00 price target on shares of Post in a research report on Wednesday, September 20th. BMO Capital Markets upgraded shares of Post from a “market perform” rating to an “outperform” rating and set a $106.00 price target for the company in a research report on Wednesday, September 20th. Finally, SunTrust Banks set a $105.00 price target on shares of Post and gave the stock a “buy” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Post currently has a consensus rating of “Buy” and an average price target of $103.25.
Post (NYSE:POST) last released its quarterly earnings results on Thursday, November 16th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.05). Post had a return on equity of 7.31% and a net margin of 0.92%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. sell-side analysts expect that Post will post 3.83 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC raised its holdings in Post by 0.3% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after acquiring an additional 4 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Post by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock valued at $170,000 after acquiring an additional 190 shares during the last quarter. Affinity Wealth Management acquired a new stake in Post in the 3rd quarter valued at about $205,000. Virtu KCG Holdings LLC acquired a new stake in Post in the 2nd quarter valued at about $208,000. Finally, South State Corp acquired a new stake in Post in the 3rd quarter valued at about $208,000.
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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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