An issue of Post Holdings Inc (NYSE:POST) bonds rose 1% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 5.5% coupon and will mature on March 1, 2025. The debt is now trading at $98.00 and was trading at $98.13 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Several equities research analysts recently issued reports on POST shares. Citigroup set a $105.00 price target on Post and gave the stock a “buy” rating in a report on Tuesday, May 8th. Pivotal Research reiterated a “buy” rating and set a $105.00 price target on shares of Post in a report on Friday, May 4th. Vertical Group downgraded Post from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. ValuEngine upgraded Post from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Finally, Zacks Investment Research downgraded Post from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $99.86.
Get Post alerts:Post traded up $0.57, hitting $85.42, during midday trading on Wednesday, Marketbeat Ratings reports. The company’s stock had a trading volume of 335,583 shares, compared to its average volume of 750,003. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 2.36. Post Holdings Inc has a 1 year low of $70.66 and a 1 year high of $88.93. The stock has a market cap of $5.71 billion, a P/E ratio of 31.99, a P/E/G ratio of 2.79 and a beta of -0.08.
Post (NYSE:POST) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.02). Post had a return on equity of 9.07% and a net margin of 5.94%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 26.3% compared to the same quarter last year. analysts forecast that Post Holdings Inc will post 4.34 earnings per share for the current fiscal year.
In other Post news, Director David P. Skarie sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $76.96, for a total transaction of $192,400.00. Following the sale, the director now directly owns 27,493 shares of the company’s stock, valued at $2,115,861.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of POST. Two Sigma Securities LLC bought a new position in shares of Post during the fourth quarter valued at approximately $599,000. Teachers Advisors LLC grew its stake in shares of Post by 7.3% during the fourth quarter. Teachers Advisors LLC now owns 450,369 shares of the company’s stock valued at $35,683,000 after buying an additional 30,688 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Post by 734.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the company’s stock valued at $105,000 after buying an additional 1,161 shares during the last quarter. Paloma Partners Management Co grew its stake in shares of Post by 7.2% during the fourth quarter. Paloma Partners Management Co now owns 13,449 shares of the company’s stock valued at $1,065,000 after buying an additional 898 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Post by 17.1% during the fourth quarter. Raymond James & Associates now owns 140,766 shares of the company’s stock valued at $11,153,000 after buying an additional 20,541 shares during the last quarter.
Post Company Profile
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.
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