Trading Report: The Zacks Investment Research Upgrades Post Holdings Inc. (POST) to Buy

The Zacks Investment Research Upgrades Post Holdings Inc. (POST) to Buy

Post Holdings Inc. (NYSE:POST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $90.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.56% from the company’s previous close.

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 equities research analysts have also commented on the stock. Goldman Sachs Group Inc. restated a “buy” rating on shares of Post Holdings in a research report on Friday, July 15th. Citigroup Inc. restated an “overweight” rating on shares of Post Holdings in a research report on Saturday, June 25th. BMO Capital Markets lowered shares of Post Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $83.00 in a research report on Wednesday, September 21st. They noted that the move was a valuation call. Pivotal Research decreased their target price on shares of Post Holdings from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Finally, BB&T Corp. upgraded shares of Post Holdings from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Post Holdings presently has a consensus rating of “Buy” and an average target price of $86.00.

Shares of Post Holdings (NYSE:POST) opened at 79.96 on Thursday. The company’s 50-day moving average is $81.68 and its 200 day moving average is $78.36. Post Holdings has a 52-week low of $50.93 and a 52-week high of $89.00. The firm’s market capitalization is $5.17 billion.

Post Holdings (NYSE:POST) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Post Holdings had a negative net margin of 0.76% and a positive return on equity of 5.44%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $0.27 EPS. Post Holdings’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Post Holdings will post $2.46 earnings per share for the current fiscal year.

In related news, CEO Richard R. Koulouris sold 21,942 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $85.33, for a total value of $1,872,310.86. Following the completion of the transaction, the chief executive officer now owns 28,334 shares of the company’s stock, valued at approximately $2,417,740.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Post Holdings by 44.0% in the first quarter. Wellington Management Group LLP now owns 6,170,022 shares of the company’s stock valued at $424,312,000 after buying an additional 1,884,431 shares during the last quarter. Vanguard Group Inc. increased its position in Post Holdings by 1.0% in the second quarter. Vanguard Group Inc. now owns 4,485,790 shares of the company’s stock worth $370,929,000 after buying an additional 43,238 shares in the last quarter. BlackRock Fund Advisors increased its position in Post Holdings by 0.7% in the first quarter. BlackRock Fund Advisors now owns 3,087,963 shares of the company’s stock worth $212,359,000 after buying an additional 21,764 shares in the last quarter. Route One Investment Company L.P. increased its position in Post Holdings by 1.4% in the second quarter. Route One Investment Company L.P. now owns 2,838,583 shares of the company’s stock worth $234,722,000 after buying an additional 39,000 shares in the last quarter. Finally, State Street Corp increased its position in Post Holdings by 3.0% in the first quarter. State Street Corp now owns 2,022,595 shares of the company’s stock worth $139,099,000 after buying an additional 59,433 shares in the last quarter.

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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