Post (NYSE:POST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
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 topic of several other research reports. Wells Fargo dropped their target price on shares of Post from $106.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. ValuEngine downgraded shares of Post from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Vertical Group upgraded shares of Post from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Pivotal Research reiterated a “buy” rating and issued a $105.00 target price on shares of Post in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $100.13.
Post (NYSE:POST) last announced its earnings results on Thursday, February 1st. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Post had a return on equity of 7.90% and a net margin of 4.54%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. research analysts expect that Post will post 4.53 EPS for the current fiscal year.
In other Post news, Director William P. Stiritz bought 100,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $71.99 per share, with a total value of $7,199,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeff A. Zadoks bought 1,353 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average cost of $73.30 per share, for a total transaction of $99,174.90. Following the purchase, the chief financial officer now owns 7,668 shares of the company’s stock, valued at $562,064.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 104,073 shares of company stock worth $7,498,693. Insiders own 7.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new stake in Post in the fourth quarter valued at about $389,000. MetLife Investment Advisors LLC acquired a new position in Post in the fourth quarter valued at about $3,315,000. Laurel Wealth Advisors Inc. acquired a new position in Post in the fourth quarter valued at about $250,000. Flinton Capital Management LLC boosted its position in Post by 22.1% in the fourth quarter. Flinton Capital Management LLC now owns 10,880 shares of the company’s stock valued at $862,000 after buying an additional 1,972 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its position in Post by 22.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,120 shares of the company’s stock valued at $406,000 after buying an additional 928 shares in the last quarter.
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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