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Post (POST)

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, foodservice, food ingredient and convenient nutrition food categories. Through its Post Consumer Brands business, Post is a leader in the North American ready-to-eat cereal category offering a broad portfolio including recognized brands such as Honey Bunches of Oats®, Pebbles™, Great Grains® and Malt-O-Meal® bag cereal. Post also is a leader in the United Kingdom ready-to-eat cereal category with the iconic Weetabix® brand. As a leader in refrigerated foods, Post delivers innovative, value-added egg and refrigerated potato products to the foodservice channel and the retail refrigerated side dish category, offering side dish, egg, cheese and sausage products through the Bob Evans®, Simply Potatoes® and Crystal Farms® brands. Post’s publicly-traded subsidiary BellRing Brands, Inc. is a holding company operating in the global convenient nutrition category through its primary brands of Premier Protein®, Dymatize® and PowerBar®. Post participates in the private brand food category through its investment with third parties in 8th Avenue Food & Provisions, Inc., a leading, private brand centric, consumer products holding company.

Company profile

Ticker
POST
Exchange
CEO
Robert Vitale
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
8th Avenue Food & Provisions, Inc. • Active Nutrition International GmbH • Agricore United Holdings Inc. • Alpen Food Company • American Blanching Company • Animated Brands Holding, LLC • Animated Brands, LLC • Attune Foods, LLC • B.L. Marketing Limited • BE Partner LLC ...
IRS number
453355106

POST stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$100.00
Low target
$100.00
High target
$100.00
Piper Sandler
Maintains
Overweight
$100.00
9 Aug 22
Stifel
Maintains
Buy
$100.00
8 Aug 22

Calendar

5 Aug 22
24 Sep 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 267.5M 267.5M 267.5M 267.5M 267.5M 267.5M
Cash burn (monthly) 75.27M 35.45M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 212.85M 100.25M n/a n/a n/a n/a
Cash remaining 54.65M 167.25M n/a n/a n/a n/a
Runway (months of cash) 0.7 4.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Sep 22 Nicolas Catoggio Common Stock Payment of exercise Dispose F No No 87.55 1,842 161.27K 21,924
31 Aug 22 Dorothy M Burwell Post Holdings, Inc. Stock Equivalents Common Stock Grant Acquire A No No 88.76 112.661 10K 3,530.032
31 Aug 22 Ellen F Harshman Post Holdings, Inc. Stock Equivalents Common Stock Grant Acquire A No No 88.76 112.661 10K 6,224.308
31 Aug 22 Robert E Grote Post Holdings, Inc. Stock Equivalents Common Stock Grant Acquire A No No 88.76 162.732 14.44K 27,857.182
31 Aug 22 Thomas C Erb Post Holdings, Inc. Stock Equivalents Common Stock Grant Acquire A No No 88.76 112.661 10K 2,010.179
89.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 304 298 +2.0%
Opened positions 46 34 +35.3%
Closed positions 40 61 -34.4%
Increased positions 84 95 -11.6%
Reduced positions 106 110 -3.6%
13F shares Current Prev Q Change
Total value 4.41B 3.94B +12.1%
Total shares 53.6M 56.82M -5.7%
Total puts 2.26M 1.5M +51.1%
Total calls 293.9K 306.64K -4.2%
Total put/call ratio 7.7 4.9 +57.6%
Largest owners Shares Value Change
Route One Investment 7M $576.5M 0.0%
Vanguard 5.25M $431.96M -0.2%
BLK Blackrock 4.66M $383.64M -2.8%
JPM JPMorgan Chase & Co. 3.83M $315.05M +1.9%
TROW T. Rowe Price 2.75M $226.69M +16.6%
Clarkston Capital Partners 2.68M $220.53M -0.5%
London Co Of Virginia 2.4M $197.48M -1.5%
Dimensional Fund Advisors 2.06M $169.27M +0.0%
Diamond Hill Capital Management 1.65M $135.75M -7.1%
Thompson Siegel & Walmsley 1.51M $124.28M -15.7%
Largest transactions Shares Bought/sold Change
Sachem Head Capital Management 0 -905K EXIT
Manufacturers Life Insurance Company, The 1.16M -659.31K -36.3%
Millennium Management 693.94K +656.54K +1755.4%
Point72 Asset Management 536.92K -647.42K -54.7%
Fir Tree Capital Management 0 -523.72K EXIT
Citadel Advisors 0 -474.01K EXIT
TROW T. Rowe Price 2.75M +391.94K +16.6%
Baupost 0 -378.28K EXIT
Thompson Siegel & Walmsley 1.51M -281.82K -15.7%
Arrowstreet Capital, Limited Partnership 508.3K +227.43K +81.0%

Financial report summary

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Competition
Mizuho Financial
Risks
  • Industry and Operating Risks
  • Global health developments and economic uncertainty resulting from the COVID-19 pandemic have adversely impacted, are adversely impacting and could continue to adversely impact our financial and operational performance.
  • Disruption of our supply chain, including as a result of the COVID-19 pandemic and changes in weather conditions, could have an adverse effect on our businesses, financial condition, results of operations and cash flows.
  • We are currently dependent upon third parties for the supply of materials for and the manufacture of many of our products. Our businesses could suffer as a result of a third party’s inability to supply materials for our products or produce our products for us on time or to our specifications.
  • Increased input costs, including costs for freight, raw materials, energy and other supplies, or limited availability of such inputs could negatively impact our businesses, financial condition, results of operations and cash flows.
  • We may not be able to operate successfully if we are unable to recruit, hire, retain and develop key personnel and a qualified and diverse workforce. In addition, temporary workforce disruptions or the inability of our employees to safely perform their jobs for any reason, including as a result of illness (such as COVID-19) or based upon shelter in place or other restrictions put in place by governmental authorities, could adversely impact our businesses, financial condition, results of operations and cash flows.
  • We operate in categories with strong competition.
  • We must identify changing consumer and customer preferences and behaviors and develop and offer products to meet these preferences and behaviors.
  • Our results may be adversely impacted if consumers do not maintain favorable perceptions of our brands.
  • Uncertain or unfavorable economic conditions, including as a result of the COVID-19 pandemic, could limit consumer and customer demand for our products or otherwise adversely affect us.
  • If our products become adulterated or contaminated, or if they are misbranded or mislabeled, we might need to recall or withdraw those items and may experience product liability claims if consumers are injured.
  • The loss of, a significant reduction of purchases by or the bankruptcy of a major customer may adversely affect our businesses, financial condition, results of operations and cash flows. In addition, consolidation of our customer base, as well as competitive, economic and other pressures facing our customers, may hurt our volumes or profit margins.
  • Our Post Consumer Brands and Weetabix segments operate in the mature RTE cereal category, and the failure or weakening of this category could materially adversely affect our businesses, financial condition, results of operations and cash flows.
  • Our sales and profit growth are dependent upon our ability to expand existing market penetration, enter into new markets and enhance our product portfolio with innovative and profitable products.
  • Our or 8th Avenue’s private label products may not be able to compete successfully with nationally branded products.
  • Our international operations subject us to additional risks.
  • Labor strikes or work stoppages by our employees could harm our business.
  • Agricultural diseases or pests could harm our businesses, financial condition, results of operations and cash flows.
  • Climate change, or legal or market measures to address climate change, may negatively affect our businesses, reputation and operations.
  • Actual operating results may differ significantly from our or BellRing’s guidance and our, BellRing’s and PHPC’s forward-looking statements.
  • Our business strategy depends upon us identifying and completing additional acquisitions and other strategic transactions. We may not be able to successfully consummate favorable strategic transactions in the future. Our corporate development activities also may have an adverse impact on our businesses, financial condition, results of operations and cash flows.
  • Our pending distribution of our interest in BellRing is subject to inherent risks.
  • We are subject to a number of uncertainties while PHPC pursues a partnering transaction, which could adversely affect our businesses, financial condition, results of operations, cash flows and stock price.
  • Our Company has overlapping directors and management with one or more of our related companies, including PHPC, BellRing and 8th Avenue, each of which may lead to conflicting interests or the appearance of conflicting interests.
  • We may experience difficulties in integrating acquired businesses, or acquisitions may not perform as expected.
  • Financial and Economic Risks
  • Despite our current level of indebtedness, we may be able to incur substantially more debt, which could further exacerbate the risks related to our debt and leverage.
  • The agreements governing our debt, including the indentures governing our senior notes, contain, or may in future financings contain, various covenants that limit our ability to take certain actions and also require us to meet financial maintenance tests, and failure to comply with these covenants could have a material adverse effect on us.
  • Certain of our subsidiaries are not subject to the restrictive covenants in our debt, and their financial resources and assets may not be available to us to pay our obligations on our indebtedness.
  • To service our indebtedness and other cash needs, we will require a significant amount of cash. Our ability to generate cash depends upon many factors beyond our control, including the impact of the COVID-19 pandemic on our operations.
  • Increases in interest rates may negatively affect earnings.
  • Our borrowing costs and access to capital and credit markets could be adversely affected by a downgrade or potential downgrade of our credit ratings.
  • U.S. and global capital and credit market issues, including those that have arisen or may arise as a result of the COVID-19 pandemic, could negatively affect our liquidity, increase our costs of borrowing and disrupt the operations of our suppliers and customers.
  • Increases in labor-related costs, including the costs of medical and other employee health and welfare benefits, may reduce our profitability.
  • Impairment in the carrying value of intangible assets could negatively impact our financial condition and results of operations. If our goodwill or other intangible assets become impaired, we will be required to record additional impairment charges, which may be significant.
  • Unsuccessful implementation of business strategies to reduce costs, or unintended consequences of the implementation of such strategies, may adversely affect our businesses, financial condition, results of operations and cash flows.
  • If our investment in 8th Avenue is not profitable, our financial condition and results of operations could be adversely impacted. In addition, the third parties that have invested with us in 8th Avenue have certain governance and other rights in 8th Avenue that could result in delayed decisions or disputes that adversely impact its operations, as well as liquidity rights commencing on October 1, 2022 that could result in the compelled sale or initial public offering of 8th Avenue.
  • Volatility in the market value of derivatives we use to manage exposures to fluctuations of our manufacturing costs will cause volatility in our margins and net earnings.
  • We may experience losses or be subject to increased funding and expenses to our qualified pension and other postretirement plans, which could negatively impact profits.
  • Legal and Regulatory Risks
  • Violations of laws or regulations, as well as new laws or regulations or changes to existing laws or regulations or to interpretations thereof, could adversely affect our businesses.
  • Pending and future litigation may impair our reputation or cause us to incur significant costs.
  • Technology failures, cybersecurity incidents or breaches of our data privacy protections could disrupt our operations and negatively impact our businesses.
  • We are subject to certain continuing obligations, including indemnification obligations and lease guarantor obligations, related to the sale of the Bob Evans restaurants business that could adversely affect our financial condition, results of operations and cash flows.
  • Termination of our material intellectual property licenses could have a material adverse effect on our businesses.
  • Our intellectual property rights are valuable and any inability to protect them could reduce the value of our products and brands.
  • We are subject to environmental laws and regulations that can impose significant costs and expose us to potential financial liabilities.
  • Risks Related to Ownership of Our Common Stock
  • Changes in tax laws may adversely affect us, and the Internal Revenue Service or a court may disagree with our tax positions, which may result in adverse effects on our businesses, financial condition, results of operations or cash flows.
  • Your percentage ownership in Post may be diluted in the future.
  • If we are unable to continue to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, or our internal control over financial reporting is not effective, the reliability of our financial statements may be questioned, and our stock price may suffer.
  • Actions of shareholders could cause us to incur substantial costs, divert management’s attention and resources and have an adverse effect on our businesses.
Management Discussion
  • •Private label RTE cereal business of TreeHouse Foods, Inc. (the “PL RTE Cereal Business”), acquired on June 1, 2021 and reported in our Post Consumer Brands segment;
  • •Peter Pan nut butter brand (“Peter Pan”), acquired on January 25, 2021 and reported in our Post Consumer Brands segment.

Content analysis

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Readability
H.S. senior Avg
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