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

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Post Holdings (NYSE: POST), indicating a cautious approach to the stock at this time.
• JPMorgan Chase upgraded the price target for Post from $122 to $131 and assigned it an "overweight" rating, suggesting optimism surrounding the stock's future performance.
• Post recently reported a quarterly earnings per share of $2.03, exceeding estimates by $0.36, with a revenue of $1.98 billion, indicating a 1.9% increase year-over-year.

Post (NYSE:POST - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. raised their price objective on Post from $122.00 to $131.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Zacks Research lowered Post from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Wells Fargo & Company lowered their price objective on Post from $117.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Wall Street Zen upgraded Post from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Piper Sandler raised their price objective on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $130.80.

Post Stock Performance

NYSE:POST opened at $106.62 on Wednesday. The stock has a market cap of $5.79 billion, a P/E ratio of 18.13 and a beta of 0.49. The stock has a 50 day simple moving average of $107.32 and a 200 day simple moving average of $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 has a 1-year low of $101.05 and a 1-year high of $125.84.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.36. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.54 EPS. Research analysts anticipate that Post will post 6.41 earnings per share for the current year.

Post declared that its Board of Directors has initiated a stock buyback plan on Friday, August 29th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Insider Activity

In other Post news, Director William P. Stiritz purchased 36,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $109.53 per share, for a total transaction of $3,943,080.00. Following the purchase, the director owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. This trade represents a 0.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.40% of the company's stock.

Hedge Funds Weigh In On Post

Several hedge funds and other institutional investors have recently modified their holdings of the business. National Wealth Management Group LLC increased its stake in shares of Post by 10.3% in the 2nd quarter. National Wealth Management Group LLC now owns 3,693 shares of the company's stock valued at $403,000 after purchasing an additional 345 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Post by 13.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 46,623 shares of the company's stock worth $5,083,000 after acquiring an additional 5,492 shares during the last quarter. Osaic Holdings Inc. grew its position in Post by 79.3% during the 2nd quarter. Osaic Holdings Inc. now owns 21,227 shares of the company's stock worth $2,318,000 after acquiring an additional 9,391 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Post by 6.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 21,409 shares of the company's stock worth $2,334,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Post by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,740 shares of the company's stock worth $607,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 94.85% of the company's stock.

Post Company Profile

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.

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