Post (NYSE:POST – Free Report) had its price objective decreased by Wells Fargo & Company from $86.00 to $79.00 in a research note published on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
A number of other research analysts also recently issued reports on POST. Zacks Research downgraded shares of Post from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Stifel Nicolaus set a $125.00 price target on Post in a research report on Friday, August 7th. Weiss Ratings downgraded Post from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Barclays decreased their price objective on Post from $106.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered 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, August 10th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.00.
View Our Latest Report on POST
Post Trading Up 0.2%
Post (NYSE:POST – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.08. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.02 billion. Post had a return on equity of 13.22% and a net margin of 3.48%.The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. On average, sell-side analysts expect that Post will post 7.56 earnings per share for the current year.
Insider Activity
In related news, Chairman William P. Stiritz sold 277,935 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $84.23, for a total value of $23,410,465.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 14.05% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Post
A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Post by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,071,875 shares of the company’s stock worth $303,678,000 after buying an additional 114,677 shares during the period. Geode Capital Management LLC increased its stake in shares of Post by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 880,993 shares of the company’s stock worth $87,282,000 after acquiring an additional 8,906 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Post during the second quarter worth $54,599,000. Junto Capital Management LP lifted its position in Post by 44.6% during the second quarter. Junto Capital Management LP now owns 589,457 shares of the company’s stock valued at $52,025,000 after purchasing an additional 181,849 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Post by 278.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 549,985 shares of the company’s stock valued at $48,542,000 after purchasing an additional 404,775 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.
Post News Roundup
Here are the key news stories impacting Post this week:
- Positive Sentiment: Wells Fargo’s revised $79 target still represents approximately 8.7% potential upside from the referenced price, suggesting the analyst sees some recovery potential. Wells Fargo Has Lowered Expectations for Post Stock Price
- Neutral Sentiment: Wells Fargo maintained an “equal weight” rating, indicating a view that POST may perform broadly in line with the market rather than signaling a strong bullish or bearish position.
- Negative Sentiment: The price target was reduced from $86 to $79, an approximately 8.1% cut. The downgrade in expectations is likely the main reason for investor caution today.
- Negative Sentiment: Post’s latest quarterly results showed an earnings-per-share beat, but revenue fell short of estimates, declined 1.8% year over year, and EPS was below the year-ago level. That mixed operating picture may have contributed to the lower target.
About Post
Post Holdings, Inc is a consumer packaged goods company that develops, manufactures and distributes branded and private-label food products. Its portfolio includes ready-to-eat cereals, granola, protein shakes and bars, pet food, eggs and egg products, refrigerated breakfast foods, side dishes, sausage, and other convenience foods.
The company operates through businesses including Post Consumer Brands, which markets cereal and pet food products; Weetabix, a United Kingdom-based cereal business with brands sold in the U.K.
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