Post (NYSE:POST) Price Target Cut to $116.00 by Analysts at JPMorgan Chase & Co.

Post (NYSE:POST) had its price target decreased by JPMorgan Chase & Co. from $119.00 to $116.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on POST. BTIG Research assumed coverage on Post in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Barclays reduced their price target on Post from $127.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company decreased their price target on Post from $110.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings lowered Post from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Finally, Wall Street Zen cut Post from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.40.

Post Stock Performance

Shares of POST opened at $87.38 on Monday. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.71 and a beta of 0.39. Post has a 12 month low of $83.89 and a 12 month high of $117.28. The firm has a fifty day simple moving average of $91.86 and a 200 day simple moving average of $98.39. The company has a current ratio of 1.85, a quick ratio of 1.03 and a debt-to-equity ratio of 2.38.

Post (NYSE:POST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.21. Post had a net margin of 4.01% and a return on equity of 13.36%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the business earned $1.41 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Post will post 7.57 EPS for the current fiscal year.

Insider Activity

In related news, Director Gregory L. Curl sold 6,186 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total value of $649,839.30. Following the completion of the sale, the director directly owned 15,107 shares in the company, valued at approximately $1,586,990.35. This trade represents a 29.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 14.05% of the company’s stock.

Hedge Funds Weigh In On Post

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Post in the fourth quarter valued at $113,660,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Post by 104.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 415,493 shares of the company’s stock worth $41,155,000 after buying an additional 212,325 shares during the last quarter. H Squared Management LP acquired a new stake in shares of Post during the 4th quarter worth about $19,115,000. Duquesne Family Office LLC bought a new stake in shares of Post during the 3rd quarter worth about $18,959,000. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Post by 773.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 176,386 shares of the company’s stock worth $19,231,000 after buying an additional 156,184 shares during the period. 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: JPMorgan kept an Overweight rating on Post Holdings and still sees meaningful upside, lowering its price target only modestly to $116 from $119. Benzinga report on JPMorgan price target cut
• Positive Sentiment: Recent earnings strength remains a support for the stock, as Post reported better-than-expected EPS in its last quarterly update and posted year-over-year revenue growth. MarketBeat POST overview
• Neutral Sentiment: The stock is still trading below its 50-day and 200-day moving averages, which suggests investors remain cautious about the longer-term trend. MarketBeat POST overview

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.