Post (NYSE:POST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

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 research firms have also issued reports on POST. Piper Jaffray Companies began coverage on Post in a research report on Thursday. They issued an “overweight” rating and a $115.00 price target on the stock. Vertical Group lowered Post from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Citigroup set a $105.00 price target on Post and gave the company a “buy” rating in a research report on Tuesday, May 8th. Pivotal Research reaffirmed a “buy” rating and issued a $105.00 price target on shares of Post in a research report on Friday, May 4th. Finally, Barclays began coverage on Post in a research report on Tuesday, August 14th. They issued an “overweight” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $106.25.

Shares of Post stock opened at $98.34 on Friday. Post has a 12 month low of $70.66 and a 12 month high of $99.11. The stock has a market cap of $6.21 billion, a P/E ratio of 36.83, a PEG ratio of 1.58 and a beta of -0.13. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.94 and a quick ratio of 1.21.

Post (NYSE:POST) last announced its earnings results on Thursday, August 2nd. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). Post had a net margin of 8.18% and a return on equity of 10.41%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue was up 26.4% compared to the same quarter last year. equities analysts expect that Post will post 4.21 EPS for the current fiscal year.

In other news, Director David P. Skarie sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $76.96, for a total transaction of $192,400.00. Following the sale, the director now owns 27,493 shares of the company’s stock, valued at approximately $2,115,861.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in Post by 113.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,467 shares of the company’s stock worth $114,000 after buying an additional 780 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of Post in the second quarter valued at approximately $136,000. Toronto Dominion Bank purchased a new stake in shares of Post in the second quarter valued at approximately $181,000. CIBC Asset Management Inc purchased a new stake in shares of Post in the second quarter valued at approximately $211,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Post in the second quarter valued at approximately $213,000.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.

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