Weiss Ratings Reiterates “Hold (C)” Rating for Post (NYSE:POST)

Post (NYSE:POSTGet Free Report)‘s stock had its “hold (c)” rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Wells Fargo & Company cut their target price on Post from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Wall Street Zen raised Post from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Piper Sandler lifted their target price on Post from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on Post from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Zacks Research downgraded Post from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.80.

Get Our Latest Research Report on POST

Post Stock Down 1.0%

Shares of POST opened at $106.62 on Wednesday. The company has a market capitalization of $5.79 billion, a PE ratio of 18.13 and a beta of 0.49. Post has a 12 month low of $101.05 and a 12 month high of $125.84. The stock’s 50-day moving average price is $107.32 and its two-hundred day moving average price is $109.83. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83.

Post (NYSE:POSTGet Free Report) last announced its earnings results on Thursday, August 7th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.67 by $0.36. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, analysts anticipate that Post will post 6.41 EPS for the current year.

Post declared that its Board of Directors has initiated a share repurchase plan on Friday, August 29th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Post news, Director William P. Stiritz acquired 36,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $109.53 per share, with a total value of $3,943,080.00. Following the purchase, the director directly owned 4,334,667 shares of the company’s stock, valued at $474,776,076.51. This trade represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.40% of the stock is owned by corporate insiders.

Institutional Trading of Post

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in 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 in the last quarter. Brooklyn Investment Group increased its position in Post by 232.1% in the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 195 shares in the last quarter. Millstone Evans Group LLC increased its position in Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock valued at $42,000 after buying an additional 224 shares in the last quarter. Bessemer Group Inc. increased its position in Post by 200.0% in the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company’s stock valued at $56,000 after buying an additional 318 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new stake in Post in the 2nd quarter valued at about $52,000. 94.85% of the stock is owned by institutional investors.

About Post

(Get Free Report)

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.

Further Reading

Analyst Recommendations for Post (NYSE:POST)

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