Zacks Investment Research upgraded shares of Post Holdings Inc. (NYSE:POST) from a hold rating to a buy rating in a report released on Thursday. The firm currently has $90.00 price target on the stock.
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. “
A number of other brokerages also recently commented on POST. BMO Capital Markets reissued an outperform rating on shares of Post Holdings in a research note on Friday, July 15th. BB&T Corp. raised 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 note on Thursday, June 23rd. KeyCorp reaffirmed a buy rating and set a $90.00 price target on shares of Post Holdings in a research note on Monday, June 20th. Pivotal Research dropped their price target on shares of Post Holdings from $105.00 to $90.00 and set a buy rating on the stock in a research note on Monday, July 25th. Finally, Citigroup Inc. reaffirmed an overweight rating on shares of Post Holdings in a research note on Saturday, June 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $86.00.
Post Holdings (NYSE:POST) traded down 0.54% during trading on Thursday, reaching $79.42. 148,415 shares of the company’s stock traded hands. The stock’s market capitalization is $5.13 billion. Post Holdings has a 1-year low of $50.93 and a 1-year high of $89.00. The stock has a 50-day moving average price of $81.81 and a 200 day moving average price of $78.29.
Post Holdings (NYSE:POST) last issued its earnings results on Thursday, August 4th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Post Holdings will post $2.46 earnings per share for the current year.
In other 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 sale, the chief executive officer now owns 28,334 shares of the company’s stock, valued at approximately $2,417,740.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of POST. Point72 Asia Hong Kong Ltd acquired a new position in Post Holdings during the second quarter valued at approximately $165,000. Anderson Hoagland & Co. acquired a new position in Post Holdings during the second quarter valued at approximately $215,000. Private Trust Co. NA acquired a new position in Post Holdings during the second quarter valued at approximately $230,000. Garrison Financial Corp acquired a new position in Post Holdings during the second quarter valued at approximately $231,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Post Holdings during the second quarter valued at approximately $246,000.
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.
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