Zacks Investment Research downgraded shares of Post Holdings, Inc. (NYSE:POST) from a strong-buy rating to a hold rating in a research note released on Saturday 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. “
A number of other equities analysts have also commented on the company. BidaskClub lowered Post Holdings from a hold rating to a sell rating in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) initiated coverage on Post Holdings in a research note on Monday, July 17th. They set a buy rating and a $105.00 price target for the company. Barclays PLC reissued a buy rating on shares of Post Holdings in a research note on Friday, July 7th. Finally, TheStreet lowered Post Holdings from a b rating to a c rating in a research note on Tuesday, May 30th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $96.00.
Post Holdings (NYSE:POST) traded down 0.13% during mid-day trading on Friday, hitting $83.78. The company’s stock had a trading volume of 487,340 shares. The stock’s market cap is $5.54 billion. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04. The company’s 50 day moving average is $84.35 and its 200-day moving average is $82.99.
Post Holdings (NYSE:POST) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, equities analysts predict that Post Holdings will post $2.69 EPS for the current fiscal year.
Post Holdings declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 7th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Post Holdings by 3.4% during the second quarter. BlackRock Inc. now owns 5,197,967 shares of the company’s stock valued at $403,623,000 after buying an additional 171,948 shares during the last quarter. Vanguard Group Inc. raised its position in Post Holdings by 0.9% during the second quarter. Vanguard Group Inc. now owns 5,104,315 shares of the company’s stock valued at $396,350,000 after purchasing an additional 43,799 shares during the period. FMR LLC raised its position in Post Holdings by 26.5% during the second quarter. FMR LLC now owns 5,067,121 shares of the company’s stock valued at $393,462,000 after purchasing an additional 1,060,344 shares during the period. Route One Investment Company L.P. raised its position in Post Holdings by 19.6% during the second quarter. Route One Investment Company L.P. now owns 4,168,083 shares of the company’s stock valued at $323,652,000 after purchasing an additional 683,000 shares during the period. Finally, Iridian Asset Management LLC CT raised its position in Post Holdings by 16.4% during the first quarter. Iridian Asset Management LLC CT now owns 3,700,317 shares of the company’s stock valued at $323,852,000 after purchasing an additional 522,288 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.
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