Highland Capital Management LLC bought a new stake in shares of Post Holdings Inc (NYSE:POST) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,820 shares of the company’s stock, valued at approximately $1,257,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in POST. BlackRock Inc. raised its holdings in shares of Post by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,552,309 shares of the company’s stock worth $477,610,000 after purchasing an additional 235,570 shares during the period. Iridian Asset Management LLC CT grew its position in shares of Post by 10.7% in the 2nd quarter. Iridian Asset Management LLC CT now owns 2,773,566 shares of the company’s stock worth $238,582,000 after acquiring an additional 267,149 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Post by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,427,567 shares of the company’s stock worth $208,823,000 after acquiring an additional 27,557 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Post by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 666,181 shares of the company’s stock worth $57,305,000 after purchasing an additional 6,157 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Post by 12.5% in the 2nd quarter. Bank of America Corp DE now owns 633,313 shares of the company’s stock worth $54,477,000 after purchasing an additional 70,533 shares during the last quarter.
Post stock traded up $1.19 during mid-day trading on Friday, hitting $92.62. 1,050,564 shares of the company’s stock traded hands, compared to its average volume of 780,431. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.94 and a quick ratio of 1.21. The company has a market capitalization of $6.08 billion, a P/E ratio of 23.51, a PEG ratio of 1.18 and a beta of 0.03. Post Holdings Inc has a one year low of $70.66 and a one year high of $101.43.
Several brokerages recently issued reports on POST. Piper Jaffray Companies began coverage on Post in a report on Thursday, August 16th. They issued an “overweight” rating and a $115.00 price target on the stock. ValuEngine downgraded Post from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research raised Post from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Saturday, October 6th. Stifel Nicolaus raised their price target on Post from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, October 5th. Finally, Barclays began coverage on Post in a report on Tuesday, August 14th. They issued an “overweight” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $110.25.
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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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