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Stock Market & Financial Investment News

News Breaks
March 17, 2014
06:11 EDTPOSTPost Holdings upgraded to Buy from Neutral at SunTrust
News For POST From The Last 14 Days
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June 30, 2015
10:50 EDTPOSTTreeHouse, Post rise after ConAgra plans exit from private brands
Two food companies, TreeHouse Foods (THS) and Post Holdings (POST), are trading higher after peer ConAgra (CAG) announced plans to exit its private brands operations. According to a Reuters report from earlier, KeyBanc Capital Markets analyst Akshay Jagdale mentioned in a note that TreeHouse and Post could be potential acquirers of the ConAgra division. Shares of Post Holdings rose 2.8% and Treehouse Foods advanced 9% in morning trading.
June 18, 2015
17:02 EDTPOSTPost Holdings provides additional avian influenza update
Post Holdings provided an update with respect to the recent avian influenza outbreak affecting Post's Michael Foods egg business. As reported on May 27, a company-owned flock in Nebraska tested positive for AI. Several rounds of subsequent testing did not confirm the presumptive positive, and the flock was today released from quarantine by the USDA. As a result, the company's total affected egg supply is now approximately 25% of its annualized egg volume commitments. As a result of aggressive cost management, discontinuation of certain product lines and pricing actions, Post management continues to expect the negative impact of AI for fiscal 2015 on Adjusted EBITDA to be in line with previous guidance of approximately $20M.

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