Post (POST) Upgraded at Zacks Investment Research

Post (NYSE:POST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage presently has a $83.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.06% from the stock’s current price.

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. “

Several other equities analysts have also recently weighed in on POST. BidaskClub cut Post from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “buy” rating on shares of Post in a research report on Monday, November 6th. SunTrust Banks set a $105.00 price objective on Post and gave the stock a “buy” rating in a research report on Thursday, November 16th. Citigroup set a $110.00 price objective on Post and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, Pivotal Research reissued a “buy” rating and set a $105.00 price objective on shares of Post in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Post currently has a consensus rating of “Buy” and an average target price of $100.13.

Shares of Post (NYSE POST) traded down $0.26 during trading hours on Thursday, hitting $73.41. The company’s stock had a trading volume of 1,572,249 shares, compared to its average volume of 1,133,528. Post has a 12 month low of $72.19 and a 12 month high of $89.04. The firm has a market capitalization of $4,846.08, a PE ratio of 24.97, a P/E/G ratio of 1.76 and a beta of -0.05. The company has a quick ratio of 3.27, a current ratio of 4.05 and a debt-to-equity ratio of 2.47.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.88 earnings per share 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $0.62 EPS. Post’s quarterly revenue was up 14.7% on a year-over-year basis. equities analysts forecast that Post will post 4.19 earnings per share for the current fiscal year.

In other news, Director David W. Kemper purchased 2,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $79.86 per share, for a total transaction of $199,650.00. Following the completion of the purchase, the director now directly owns 6,700 shares of the company’s stock, valued at approximately $535,062. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert V. Vitale purchased 2,720 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average price of $73.72 per share, for a total transaction of $200,518.40. Following the completion of the purchase, the chief executive officer now directly owns 268,058 shares of the company’s stock, valued at $19,761,235.76. The disclosure for this purchase can be found here. Insiders have purchased 6,573 shares of company stock worth $499,343 over the last 90 days. Corporate insiders own 7.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in POST. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Post in the 4th quarter valued at approximately $118,000. Cerebellum GP LLC bought a new stake in shares of Post in the 4th quarter valued at approximately $129,000. Affinity Wealth Management bought a new stake in shares of Post in the 3rd quarter valued at approximately $205,000. Virtu KCG Holdings LLC bought a new stake in shares of Post in the 2nd quarter valued at approximately $208,000. Finally, South State Corp bought a new stake in shares of Post in the 3rd quarter valued at approximately $208,000.

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About Post

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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