Shares of Post Holdings, Inc. (NYSE:POST – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $109.00.
A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Post from $116.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday. Stifel Nicolaus set a $125.00 target price on Post in a research report on Friday. Barclays set a $95.00 price target on Post in a report on Monday. Evercore set a $121.00 price objective on Post in a research note on Monday. Finally, Wells Fargo & Company decreased their price objective on Post from $98.00 to $86.00 and set an “equal weight” rating on the stock in a report on Monday.
Post Price Performance
Post (NYSE:POST – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.02 billion. Post had a net margin of 3.48% and a return on equity of 13.22%. Post’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. As a group, sell-side analysts expect that Post will post 7.59 earnings per share for the current fiscal year.
Insider Transactions at Post
In related news, Director Gregory L. Curl sold 6,186 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total transaction of $649,839.30. Following the sale, the director owned 15,107 shares of the company’s stock, valued at $1,586,990.35. This represents a 29.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.05% of the stock is currently owned by insiders.
Institutional Trading of Post
Several hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in Post by 62.8% in 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. Argonautica Private Wealth Management Inc. grew its position in shares of Post by 4.4% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,603 shares of the company’s stock valued at $258,000 after purchasing an additional 109 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Post by 119.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Post by 7.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,056 shares of the company’s stock worth $204,000 after purchasing an additional 143 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Post by 7.2% during the first quarter. Venturi Wealth Management LLC now owns 2,414 shares of the company’s stock worth $239,000 after purchasing an additional 162 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.
More Post News
Here are the key news stories impacting Post this week:
- Positive Sentiment: JPMorgan lowered its price target from $116 to $99 but maintained an “overweight” rating, implying substantial potential upside from the current trading level. Benzinga analyst price target report
- Neutral Sentiment: Post’s latest quarter showed adjusted earnings of $1.78 per share, above the $1.70 analyst consensus, although revenue of $1.95 billion missed expectations of $2.02 billion.
- Negative Sentiment: Wells Fargo cut its price target from $98 to $86 and assigned an “equal weight” rating, reflecting a more cautious view of the company’s near-term growth prospects. Benzinga Wells Fargo price target report
- Negative Sentiment: Recent revenue declined 1.8% year over year, while earnings fell from $2.03 per share in the comparable period. Post also carries relatively high leverage, with a debt-to-equity ratio of 2.47.
Post Company Profile
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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