Itau Unibanco Holding S.A. purchased a new stake in shares of Post Holdings Inc (NYSE:POST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,616 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Post by 4.4% during the second quarter. BlackRock Inc. now owns 5,552,309 shares of the company’s stock valued at $477,610,000 after buying an additional 235,570 shares during the period. JPMorgan Chase & Co. boosted its stake in Post by 43.2% during the first quarter. JPMorgan Chase & Co. now owns 4,197,133 shares of the company’s stock worth $317,975,000 after acquiring an additional 1,266,889 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in Post by 10.7% during the second 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 boosted its stake in Post by 1.1% during the second 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. Finally, Levin Capital Strategies L.P. boosted its stake in Post by 145.5% during the first quarter. Levin Capital Strategies L.P. now owns 2,419,503 shares of the company’s stock worth $183,302,000 after acquiring an additional 1,433,793 shares in the last quarter.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Post from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Piper Jaffray Companies assumed coverage on shares of Post in a research note on Thursday, August 16th. They set an “overweight” rating and a $115.00 price objective on the stock. Barclays assumed coverage on shares of Post in a research note on Tuesday, August 14th. They set an “overweight” rating and a $105.00 price objective on the stock. Zacks Investment Research raised shares of Post from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Finally, Wells Fargo & Co set a $111.00 price objective on shares of Post and gave the stock a “buy” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $106.25.

Shares of NYSE POST opened at $97.97 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 28.43, a PEG ratio of 1.66 and a beta of -0.17. Post Holdings Inc has a 52-week low of $70.66 and a 52-week high of $99.60. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 1.94.

Post (NYSE:POST) last issued its earnings results on Thursday, August 2nd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.07). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Post had a return on equity of 10.41% and a net margin of 8.18%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. research analysts anticipate that Post Holdings Inc will post 4.22 earnings per share for the current year.

Post 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.

Further Reading: What Factors Can Affect Return on Equity?

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Institutional Ownership by Quarter for Post (NYSE:POST)

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