Post Holdings Inc. (POST) Stock Rating Upgraded by Zacks Investment Research
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 analysts have also issued reports on POST. BMO Capital Markets reissued an outperform rating and issued a $90.00 price target on shares of Post Holdings in a research report on Wednesday, August 10th. TheStreet lowered shares of Post Holdings from a buy rating to a hold rating in a research report on Thursday, November 17th. Finally, Stifel Nicolaus lowered their price target on shares of Post Holdings from $95.00 to $85.00 and set a buy rating on the stock in a research report on Monday, November 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $87.50.
Shares of Post Holdings (NYSE:POST) opened at 77.89 on Thursday. The firm’s market cap is $5.05 billion. The firm has a 50-day moving average of $76.30 and a 200-day moving average of $79.83. Post Holdings has a 12 month low of $50.93 and a 12 month high of $89.00.
Post Holdings (NYSE:POST) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.17. Post Holdings had a negative net margin of 0.07% and a positive return on equity of 6.92%. The company had revenue of $1.26 billion for the quarter. During the same period last year, the firm earned $0.06 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts anticipate that Post Holdings will post $2.63 EPS for the current year.
In related news, Director William P. Stiritz purchased 120,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were purchased at an average price of $75.48 per share, with a total value of $9,057,600.00. Following the acquisition, the director now directly owns 1,381,996 shares of the company’s stock, valued at $104,313,058.08. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in shares of Post Holdings during the third quarter worth approximately $139,000. Acrospire Investment Management LLC raised its position in shares of Post Holdings by 50.0% in the third quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $139,000 after buying an additional 600 shares during the last quarter. Creative Planning raised its position in shares of Post Holdings by 68.1% in the third quarter. Creative Planning now owns 1,810 shares of the company’s stock worth $140,000 after buying an additional 733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Post Holdings by 14.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,004 shares of the company’s stock worth $155,000 after buying an additional 249 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of Post Holdings during the second quarter worth approximately $165,000.
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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