Nicolas Catoggio, President and CEO of Post Holdings , Inc. (NYSE:POST), recently sold 6,000 shares of the company's common stock. The transaction, executed on December 2, 2024, was completed at an average price of $121.14 per share, amounting to a total sale value of approximately $726,840. The sale occurred as POST shares trade near their 52-week high, with the stock showing a remarkable 37% gain year-to-date. InvestingPro analysis indicates the stock is currently in overbought territory. Following this transaction, Catoggio holds 70,501 shares of Post Holdings directly. Post Holdings, based in St. Louis, operates in the grain mill products sector, with annual revenue of $7.9 billion and a market capitalization of $7 billion. The company maintains strong liquidity with a current ratio of 2.36, contributing to its GREAT financial health score according to InvestingPro, which offers 8 additional key insights about POST's financial position.
"In other recent news, Post Holdings announced the completion of its redemption of the remaining 5.625% senior notes due in 2028, totaling approximately $469.3 million. This follows a strong performance in its fourth-quarter earnings for the fiscal year 2024, with a 45% increase in adjusted EBITDA over the past two years, largely due to organic growth and strategic acquisitions. Despite a slight 2% decline in consumption volumes, the company generated roughly $1 billion in free cash flow and significantly reduced its net leverage.
Evercore ISI analyst recently upgraded the price target for Post Holdings, maintaining an Outperform rating on the stock. The FY25 EBITDA estimate was increased to $1.447 billion, marking a 3% year-over-year growth. The analyst also highlighted potential profit growth from the Nutrish brand relaunch and the enterprise resource planning implementation at Weetabix.
In other developments, Post Holdings reported consolidated net sales of $2 billion, a 3% year-over-year increase. The company projects adjusted EBITDA for FY 2025 to be between $1.41 billion and $1.46 billion, with capital expenditures ranging from $380 million to $420 million. These recent developments include the planned relaunch of the Nutrish brand in early 2025 and the closure of the Lancaster cereal plant to optimize capacity."
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