Post (POST) Upgraded by Zacks Investment Research to Buy

Post (NYSE:POST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $83.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.59% from the stock’s previous close.

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 brokerages also recently issued reports on POST. Citigroup set a $110.00 price target on Post and gave the company a “buy” rating in a report on Monday, November 20th. BidaskClub downgraded Post from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Pivotal Research reiterated a “buy” rating and issued a $105.00 price target on shares of Post in a report on Friday, February 2nd. Vertical Group upgraded Post from a “hold” rating to a “buy” rating in a report on Monday. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Post in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Post has a consensus rating of “Buy” and a consensus target price of $100.13.

Shares of Post (NYSE:POST) traded up $0.05 during midday trading on Thursday, reaching $73.72. The company’s stock had a trading volume of 1,730,099 shares, compared to its average volume of 1,134,251. The company has a current ratio of 4.05, a quick ratio of 3.27 and a debt-to-equity ratio of 2.47. The company has a market cap of $4,846.08, a price-to-earnings ratio of 24.97, a PEG ratio of 1.76 and a beta of -0.05. Post has a 1-year low of $72.19 and a 1-year high of $89.04.

Post (NYSE:POST) last issued its earnings results on Thursday, February 1st. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). Post had a net margin of 4.54% and a return on equity of 7.90%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. equities research analysts anticipate that Post will post 4.19 earnings per share for the current year.

In other Post news, Director David W. Kemper bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $79.86 per share, for a total transaction of $199,650.00. Following the purchase, the director now directly owns 6,700 shares in the company, valued at $535,062. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert V. Vitale bought 2,720 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $73.72 per share, for a total transaction of $200,518.40. Following the completion of the purchase, the chief executive officer now owns 268,058 shares in the company, valued at $19,761,235.76. The disclosure for this purchase can be found here. Insiders bought a total of 6,573 shares of company stock worth $499,343 over the last quarter. Company insiders own 7.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC grew its stake in Post by 1.4% during the 3rd quarter. Gabelli Funds LLC now owns 593,300 shares of the company’s stock worth $52,371,000 after buying an additional 8,300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Post by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,273,861 shares of the company’s stock worth $200,704,000 after buying an additional 78,669 shares during the last quarter. Swiss National Bank grew its stake in Post by 3.7% during the 3rd quarter. Swiss National Bank now owns 110,900 shares of the company’s stock worth $9,789,000 after buying an additional 4,000 shares during the last quarter. Stifel Financial Corp grew its stake in Post by 5.3% during the 3rd quarter. Stifel Financial Corp now owns 157,967 shares of the company’s stock worth $13,971,000 after buying an additional 7,970 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Post during the 3rd quarter worth $4,463,000.

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About Post

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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