Zacks Investment Research Lowers Post Holdings, Inc. (POST) to Strong Sell

Zacks Investment Research cut shares of Post Holdings, Inc. (NYSE:POST) from a hold rating to a strong sell rating in a report issued on Friday morning.

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 subject of a number of other reports. BidaskClub lowered Post Holdings from a hold rating to a sell rating in a report on Wednesday, June 21st. Wells Fargo & Company upped their price target on Post Holdings from $96.00 to $106.00 and gave the stock an outperform rating in a report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) assumed coverage on Post Holdings in a report on Monday, July 17th. They set a buy rating and a $105.00 price target for the company. Barclays PLC reiterated a buy rating on shares of Post Holdings in a report on Friday, July 7th. Finally, Pivotal Research reiterated a buy rating and set a $105.00 price target on shares of Post Holdings in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $101.17.

Shares of Post Holdings (NYSE:POST) opened at 86.45 on Friday. The stock’s 50 day moving average is $85.53 and its 200-day moving average is $83.35. The firm’s market cap is $5.72 billion. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04.

Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Post Holdings will post $2.69 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in POST. BlackRock Inc. increased its position in shares of Post Holdings by 13,702.8% during the first quarter. BlackRock Inc. now owns 5,026,019 shares of the company’s stock valued at $439,879,000 after purchasing an additional 4,989,606 shares during the period. FMR LLC increased its position in shares of Post Holdings by 26.5% during the second quarter. FMR LLC now owns 5,067,121 shares of the company’s stock valued at $393,462,000 after purchasing an additional 1,060,344 shares during the period. Route One Investment Company L.P. increased its position in shares of Post Holdings by 19.6% during the second quarter. Route One Investment Company L.P. now owns 4,168,083 shares of the company’s stock valued at $323,652,000 after purchasing an additional 683,000 shares during the period. Victory Capital Management Inc. increased its position in shares of Post Holdings by 79.1% during the second quarter. Victory Capital Management Inc. now owns 1,515,496 shares of the company’s stock valued at $117,678,000 after purchasing an additional 669,396 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Post Holdings by 70.1% during the second quarter. TIAA CREF Investment Management LLC now owns 986,881 shares of the company’s stock valued at $76,631,000 after purchasing an additional 406,791 shares during the period.

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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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 subject of a number of other reports. BidaskClub lowered Post Holdings from a hold rating to a sell rating in a report on Wednesday, June 21st. Wells Fargo & Company upped their price target on Post Holdings from $96.00 to $106.00 and gave the stock an outperform rating in a report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) assumed coverage on Post Holdings in a report on Monday, July 17th. They set a buy rating and a $105.00 price target for the company. Barclays PLC reiterated a buy rating on shares of Post Holdings in a report on Friday, July 7th. Finally, Pivotal Research reiterated a buy rating and set a $105.00 price target on shares of Post Holdings in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $101.17.

Shares of Post Holdings (NYSE:POST) opened at 86.45 on Friday. The stock’s 50 day moving average is $85.53 and its 200-day moving average is $83.35. The firm’s market cap is $5.72 billion. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04.

Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Post Holdings will post $2.69 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Lowers Post Holdings, Inc. (POST) to Strong Sell” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/zacks-investment-research-lowers-post-holdings-inc-post-to-strong-sell.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in POST. BlackRock Inc. increased its position in shares of Post Holdings by 13,702.8% during the first quarter. BlackRock Inc. now owns 5,026,019 shares of the company’s stock valued at $439,879,000 after purchasing an additional 4,989,606 shares during the period. FMR LLC increased its position in shares of Post Holdings by 26.5% during the second quarter. FMR LLC now owns 5,067,121 shares of the company’s stock valued at $393,462,000 after purchasing an additional 1,060,344 shares during the period. Route One Investment Company L.P. increased its position in shares of Post Holdings by 19.6% during the second quarter. Route One Investment Company L.P. now owns 4,168,083 shares of the company’s stock valued at $323,652,000 after purchasing an additional 683,000 shares during the period. Victory Capital Management Inc. increased its position in shares of Post Holdings by 79.1% during the second quarter. Victory Capital Management Inc. now owns 1,515,496 shares of the company’s stock valued at $117,678,000 after purchasing an additional 669,396 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Post Holdings by 70.1% during the second quarter. TIAA CREF Investment Management LLC now owns 986,881 shares of the company’s stock valued at $76,631,000 after purchasing an additional 406,791 shares during the period.

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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