Post (POST) Downgraded by Zacks Investment Research
Post (NYSE:POST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
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 brokerages have also recently weighed in on POST. BidaskClub raised shares of Post from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Wells Fargo & Company boosted their price target on shares of Post from $96.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. Pivotal Research reissued a “buy” rating and set a $105.00 price target on shares of Post in a research report on Wednesday, September 20th. BMO Capital Markets raised shares of Post from a “market perform” rating to an “outperform” rating and set a $106.00 price target on the stock in a research report on Wednesday, September 20th. Finally, SunTrust Banks set a $105.00 price target on shares of Post and gave the company a “buy” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $103.25.
Post (NYSE:POST) last announced its earnings results on Thursday, November 16th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.05). Post had a return on equity of 7.31% and a net margin of 0.92%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $0.61 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts forecast that Post will post 3.83 earnings per share for the current year.
In other Post news, Director David W. Kemper purchased 2,500 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $79.86 per share, for a total transaction of $199,650.00. Following the completion of the purchase, the director now directly owns 6,700 shares of the company’s stock, valued at $535,062. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.40% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in POST. IndexIQ Advisors LLC boosted its holdings in Post by 0.3% in the second quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after purchasing an additional 4 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Post by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock valued at $170,000 after purchasing an additional 190 shares in the last quarter. Affinity Wealth Management acquired a new position in Post in the third quarter valued at approximately $205,000. Virtu KCG Holdings LLC acquired a new position in Post in the second quarter valued at approximately $208,000. Finally, South State Corp acquired a new position in Post in the third quarter valued at approximately $208,000.
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Post 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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