Post Holdings, Inc. (NYSE:POST – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $85.96 and last traded at $85.8210, with a volume of 281970 shares traded. The stock had previously closed at $88.77.
Post News Roundup
Here are the key news stories impacting Post this week:
- Positive Sentiment: Investors still have a recent earnings beat to point to: Post reported adjusted EPS of $1.94, topping consensus, while revenue grew 4.7% year over year and the company raised some confidence in its full-year outlook. This keeps the fundamental picture intact even as the stock has pulled back from earlier highs.
- Neutral Sentiment: Analysts continue to see Post as a value name to watch, but the stock is still trading well below its 50-day and 200-day moving averages, which suggests the market remains cautious after a weaker trend in the shares.
- Neutral Sentiment: Today’s news feed also included a Zacks article asking whether value investors should buy POST, which likely reflects ongoing debate about whether the recent selloff has created an opportunity rather than a new business development.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on POST. Wells Fargo & Company dropped their target price on Post from $110.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday. Barclays reduced their price target on Post from $127.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of Post from $133.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Weiss Ratings cut shares of Post from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Finally, BTIG Research initiated coverage on shares of Post in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.00.
Post Trading Up 1.4%
The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 14.46 and a beta of 0.39. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.03 and a current ratio of 1.85. The company has a 50 day moving average price of $94.16 and a 200 day moving average price of $99.10.
Post (NYSE:POST – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.21. Post had a return on equity of 13.36% and a net margin of 4.01%.The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Post Holdings, Inc. will post 7.57 earnings per share for the current year.
Insider Activity
In other news, Director Gregory L. Curl sold 6,186 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total value of $649,839.30. Following the sale, the director directly owned 15,107 shares of the company’s stock, valued at approximately $1,586,990.35. The trade was a 29.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.05% of the company’s stock.
Institutional Trading of Post
Several institutional investors have recently added to or reduced their stakes in POST. Caitong International Asset Management Co. Ltd purchased a new position in shares of Post during the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Post by 119.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the period. Larson Financial Group LLC lifted its stake in Post by 62.8% during the 4th quarter. Larson Financial Group LLC now owns 267 shares of the company’s stock worth $26,000 after acquiring an additional 103 shares in the last quarter. Summit Securities Group LLC acquired a new position in Post during the 1st quarter worth about $28,000. Finally, Highlander Partners L.P. purchased a new position in Post during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 94.85% of the company’s stock.
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.
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