Zacks Investment Research upgraded shares of Post Holdings Inc. (NYSE:POST) from a sell rating to a hold rating in a report released on Thursday 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. “
Several other research analysts have also weighed in on the stock. BMO Capital Markets reiterated a hold rating and set a $83.00 price objective on shares of Post Holdings in a report on Tuesday, November 22nd. Stifel Nicolaus cut their price objective on shares of Post Holdings from $95.00 to $85.00 and set a buy rating on the stock in a report on Monday, November 21st. Finally, TheStreet lowered shares of Post Holdings from a buy rating to a hold rating in a report on Thursday, November 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Post Holdings currently has a consensus rating of Buy and an average target price of $87.50.
Shares of Post Holdings (NYSE:POST) opened at 76.78 on Thursday. Post Holdings has a 12 month low of $50.93 and a 12 month high of $89.00. The stock’s market cap is $4.98 billion. The stock’s 50 day moving average is $76.30 and its 200 day moving average is $79.83.
Post Holdings (NYSE:POST) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.17. The business had revenue of $1.26 billion for the quarter. Post Holdings had a negative net margin of 0.07% and a positive return on equity of 6.92%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Analysts predict that Post Holdings will post $2.63 earnings per share for the current fiscal year.
In other Post Holdings news, Director William P. Stiritz bought 120,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was purchased at an average price of $75.48 per share, with a total value of $9,057,600.00. Following the transaction, the director now owns 1,381,996 shares in the company, valued at $104,313,058.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of POST. Nuveen Asset Management LLC increased its stake in Post Holdings by 1.7% in the first quarter. Nuveen Asset Management LLC now owns 29,081 shares of the company’s stock worth $2,000,000 after buying an additional 493 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Post Holdings during the first quarter worth about $5,502,000. Metropolitan Life Insurance Co. NY increased its stake in Post Holdings by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 100,140 shares of the company’s stock worth $6,887,000 after buying an additional 3,355 shares during the period. Barclays PLC increased its stake in Post Holdings by 32.6% in the first quarter. Barclays PLC now owns 22,117 shares of the company’s stock worth $1,504,000 after buying an additional 5,438 shares during the period. Finally, Arizona State Retirement System increased its stake in Post Holdings by 9.0% in the first quarter. Arizona State Retirement System now owns 35,125 shares of the company’s stock worth $2,416,000 after buying an additional 2,900 shares during the period.
About Post Holdings
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.