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 recently issued reports on POST. ValuEngine cut shares of Post from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Piper Jaffray Companies cut shares of Post from an “overweight” rating to a “neutral” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Post has an average rating of “Buy” and an average price target of $122.78.
Post (NYSE:POST) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.05). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. Post had a net margin of 2.90% and a return on equity of 11.15%. The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. Research analysts forecast that Post will post 4.69 earnings per share for the current year.
In other Post news, insider Mark W. Westphal bought 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of $98.13 per share, with a total value of $196,260.00. Following the completion of the acquisition, the insider now owns 40,703 shares of the company’s stock, valued at $3,994,185.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Post by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,445,458 shares of the company’s stock worth $670,134,000 after acquiring an additional 441,778 shares during the period. BlackRock Inc. grew its position in Post by 0.6% in the 2nd quarter. BlackRock Inc. now owns 5,901,605 shares of the company’s stock valued at $613,591,000 after buying an additional 32,287 shares in the last quarter. Bank of Montreal Can grew its position in Post by 113.4% in the 2nd quarter. Bank of Montreal Can now owns 1,895,188 shares of the company’s stock valued at $197,043,000 after buying an additional 1,006,903 shares in the last quarter. Iridian Asset Management LLC CT grew its position in Post by 1.1% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,853,138 shares of the company’s stock valued at $192,671,000 after buying an additional 20,733 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Post by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,185,140 shares of the company’s stock valued at $123,219,000 after buying an additional 23,327 shares in the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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