Zacks Investment Research Upgrades Post (POST) to Buy

Zacks Investment Research upgraded shares of Post (NYSE:POST) from a hold rating to a buy rating in a report released on Thursday. Zacks Investment Research currently has $83.00 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. “

POST has been the topic of a number of other research reports. BidaskClub cut shares of Post from a sell rating to a strong sell rating in a research report on Wednesday, November 1st. BMO Capital Markets reiterated a buy rating on shares of Post in a research report on Monday, November 6th. Pivotal Research restated a buy rating and issued a $105.00 price objective on shares of Post in a research report on Friday, February 2nd. Citigroup set a $110.00 price objective on shares of Post and gave the company a buy rating in a research report on Monday, November 20th. Finally, SunTrust Banks set a $105.00 price objective on shares of Post and gave the company a buy rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Post currently has an average rating of Buy and a consensus price target of $100.13.

Post (NYSE POST) traded down $0.78 on Thursday, reaching $72.16. 370,559 shares of the company traded hands, compared to its average volume of 1,109,395. The company has a debt-to-equity ratio of 2.47, a quick ratio of 3.27 and a current ratio of 4.05. Post has a 52 week low of $72.19 and a 52 week high of $89.04. The company has a market cap of $4,831.00, a P/E ratio of 24.54, a PEG ratio of 1.68 and a beta of -0.05.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). Post had a return on equity of 7.90% and a net margin of 4.54%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. equities analysts anticipate that Post will post 4.38 earnings per share for the current year.

In related news, CFO Jeff A. Zadoks purchased 1,353 shares of Post stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average price of $73.30 per share, for a total transaction of $99,174.90. Following the completion of the transaction, the chief financial officer now directly owns 7,668 shares of the company’s stock, valued at $562,064.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Kemper purchased 2,500 shares of Post stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $79.86 per share, for a total transaction of $199,650.00. Following the transaction, the director now directly owns 6,700 shares of the company’s stock, valued at $535,062. The disclosure for this purchase can be found here. Insiders have purchased 6,573 shares of company stock worth $499,343 in the last quarter. 7.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in POST. Gabelli Funds LLC raised its holdings in shares of Post by 1.4% during the third quarter. Gabelli Funds LLC now owns 593,300 shares of the company’s stock valued at $52,371,000 after purchasing an additional 8,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Post by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,273,861 shares of the company’s stock valued at $200,704,000 after purchasing an additional 78,669 shares during the last quarter. Swiss National Bank lifted its position in Post by 3.7% during the third quarter. Swiss National Bank now owns 110,900 shares of the company’s stock valued at $9,789,000 after purchasing an additional 4,000 shares during the last quarter. Stifel Financial Corp lifted its position in Post by 5.3% during the third quarter. Stifel Financial Corp now owns 157,967 shares of the company’s stock valued at $13,971,000 after purchasing an additional 7,970 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in Post during the third quarter valued at $4,463,000.

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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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