Zacks Investment Research lowered shares of Post (NYSE:POST) from a buy rating to a hold rating in a report released on Saturday 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. “
Other equities analysts have also issued research reports about the company. BidaskClub upgraded Post from a hold rating to a buy rating in a research note on Thursday, August 17th. Citigroup set a $110.00 price target on Post and gave the company a buy rating in a research note on Monday, November 20th. SunTrust Banks set a $105.00 price target on Post and gave the company a buy rating in a research note on Thursday, November 16th. BMO Capital Markets restated a buy rating on shares of Post in a research note on Monday, November 6th. Finally, Pivotal Research restated a buy rating and issued a $105.00 price target on shares of Post in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Post has an average rating of Buy and a consensus target price of $103.25.
Post (NYSE POST) opened at $78.54 on Friday. The stock has a market capitalization of $5,230.00, a PE ratio of 29.67, a PEG ratio of 2.08 and a beta of 0.09. The company has a quick ratio of 2.90, a current ratio of 3.71 and a debt-to-equity ratio of 2.56. Post has a fifty-two week low of $75.51 and a fifty-two week high of $89.04.
Post (NYSE:POST) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.05). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Post had a net margin of 0.92% and a return on equity of 7.31%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. sell-side analysts expect that Post will post 3.83 earnings per share for the current year.
In other news, Director David W. Kemper acquired 2,500 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $79.86 per share, for a total transaction of $199,650.00. Following the purchase, the director now owns 6,700 shares in the company, valued at $535,062. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of POST. FMR LLC grew its position in shares of Post by 26.5% in 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 in the last quarter. Route One Investment Company L.P. grew its position in shares of Post by 19.6% in 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in Post by 79.1% in the second quarter. Victory Capital Management Inc. now owns 1,515,496 shares of the company’s stock valued at $117,678,000 after acquiring an additional 669,396 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Post by 70.1% in the second quarter. TIAA CREF Investment Management LLC now owns 986,881 shares of the company’s stock valued at $76,631,000 after acquiring an additional 406,791 shares during the last quarter. Finally, UBS Oconnor LLC lifted its holdings in Post by 38.6% in the second quarter. UBS Oconnor LLC now owns 1,451,116 shares of the company’s stock valued at $112,679,000 after acquiring an additional 404,235 shares during the last quarter.
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Post 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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