Harper Bradly A, Senior Vice President and Chief Accounting Officer at Post Holdings , Inc. (NYSE:POST), recently sold 1,000 shares of the company's common stock. The transaction, which took place on December 5, 2024, was executed at a price of $120.09 per share, amounting to a total value of $120,090. The sale occurred near POST's 52-week high of $121.38, with the stock showing impressive gains of over 36% year-to-date.
Following this sale, Bradly holds 11,220 shares of Post Holdings directly. Additionally, Bradly maintains an indirect ownership of 1,344 shares through a 401(k) plan. According to InvestingPro analysis, while this insider sold shares, management has been actively buying back company stock, suggesting confidence in the company's outlook.
Post Holdings, based in St. Louis, Missouri, operates in the grain mill products sector. The company maintains strong financial health with an "Overall Great" rating from InvestingPro, supported by a healthy current ratio of 2.36 and robust revenue growth of 13.3% over the last twelve months.
In other recent news, Post Holdings has reported significant developments in its financial performance. The consumer packaged goods holding company recently announced the completion of its redemption of the remaining 5.625% senior notes due in 2028. The redeemed notes, with an aggregate principal amount of $464.9 million, were settled at a redemption price of 100.938%, totaling approximately $469.3 million.
Post Holdings also highlighted a robust performance in its fourth-quarter earnings for the fiscal year 2024. The company reported a 45% increase in adjusted EBITDA over the past two years, with strong contributions from both organic growth and strategic acquisitions, particularly in the pet sector. Despite a slight 2% decline in consumption volumes, the company generated approximately $1 billion in free cash flow and reduced its net leverage significantly.
In terms of analyst upgrades, Evercore ISI analyst recently upgraded the price target for Post Holdings from $123.00 to $126.00, maintaining an Outperform rating on the stock. The analyst noted an increase in the FY25 EBITDA estimate to $1.447 billion, marking a 3% year-over-year growth. This new estimate surpasses both the previous forecast of $1.421 billion and the consensus estimate of $1.418 billion. The analyst also highlighted the potential for organic profit growth from the execution of the Nutrish brand relaunch and the enterprise resource planning implementation at Weetabix.
These are the recent developments for Post Holdings.
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