Post (NYSE:POST) Given New $99.00 Price Target at JPMorgan Chase & Co.

Post (NYSE:POST) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $116.00 to $99.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 25.77% from the company’s current price.

POST has been the subject of several other research reports. Jefferies Financial Group set a $117.00 price target on shares of Post in a research report on Monday, July 27th. Weiss Ratings raised Post from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Wells Fargo & Company lowered their price objective on shares of Post from $110.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Barclays reduced their target price on shares of Post from $119.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of Post from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.29.

Post Stock Performance

Shares of POST opened at $78.71 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.85 and a debt-to-equity ratio of 2.47. The stock has a 50 day moving average price of $89.64 and a 200 day moving average price of $97.62. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 14.47 and a beta of 0.40. Post has a 52-week low of $77.60 and a 52-week high of $117.28.

Post (NYSE:POST) last posted its earnings results on Thursday, August 6th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. Post had a return on equity of 13.22% and a net margin of 3.48%.The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.03 EPS. Research analysts predict that Post will post 7.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Post news, Director Gregory L. Curl sold 6,186 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $105.05, for a total transaction of $649,839.30. Following the sale, the director directly owned 15,107 shares in the company, valued at approximately $1,586,990.35. The trade was a 29.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 14.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Post by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,071,875 shares of the company’s stock valued at $303,678,000 after acquiring an additional 114,677 shares during the last quarter. Norges Bank purchased a new stake in Post during the 4th quarter worth about $113,660,000. Geode Capital Management LLC raised its stake in Post by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 880,993 shares of the company’s stock valued at $87,282,000 after purchasing an additional 8,906 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Post in the 2nd quarter valued at about $54,599,000. Finally, Quantinno Capital Management LP lifted its holdings in Post by 41.3% in the 1st quarter. Quantinno Capital Management LP now owns 462,631 shares of the company’s stock valued at $45,736,000 after purchasing an additional 135,236 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Key Stories Impacting Post

Here are the key news stories impacting Post this week:

• Neutral Sentiment: No recent announcement, earnings release, analyst action or acquisition involving Post Holdings was included in the supplied news flow.
• Neutral Sentiment: The company’s latest reported quarter offered mixed signals: adjusted EPS of $1.78 exceeded the $1.70 consensus estimate, while revenue of $1.95 billion fell short of the $2.02 billion forecast and declined 1.8% year over year. Post Holdings stock information
• Negative Sentiment: Post Holdings continues to face balance-sheet risk, with debt-to-equity of 2.47, while its shares remain below their 50-day and 200-day moving averages—technical and leverage considerations that may weigh on investor sentiment.

About Post

Post Holdings, Inc is a consumer packaged goods company that operates as a holding company for a diverse portfolio of food and beverage brands. The company’s principal activities include the production, marketing and distribution of ready-to-eat cereal, refrigerated and frozen foods, and nutritional beverages. Through its operating segments—Post Consumer Brands, Foodservice, Refrigerated Side Dishes & Bakery, and Active Nutrition—Post Holdings delivers a broad array of products to retail grocers, convenience stores, foodservice operators and e-commerce channels.

The Post Consumer Brands segment features a variety of hot and cold cereals under names such as Honey Bunches of Oats, Shredded Wheat and Pebbles.