|Bid||106.43 x 800|
|Ask||106.47 x 800|
|Day's Range||106.07 - 106.66|
|52 Week Range||83.88 - 113.73|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||47.01|
|Earnings Date||Nov 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||119.89|
Post Holdings (POST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BellRing Brands Inc (NYSE: BRBR ) is a nutrition products company known for its ready-to-drink protein shakes and was born out of the separation of Post Holdings Inc (NYSE: POST ). On Monday, multiple ...
Shares of Premier Protein-branded snacks maker BellRing Brands Inc. surged 3.7% toward fresh highs in morning trading Monday, after a host of Wall Street analysts started coverage of the recent IPO will bullish ratings. Of the 8 analysts surveyed by FactSet, 7 set ratings at the equivalent of buy and 1 had a rating of the equivalent hold. Analyst Ken Goldman at J.P. Morgan started BellRing at overweight with a $21 stock price target. "Though we appreciate the risks in the story--especially the product and customer concentration--we think these are more than offset by strength in BellRing's category and the distribution opportunity ahead for the flagship Premier Protein brand," Goldman wrote. Stifel Nicolaus's Christopher Growe initiated BellRing with a buy rating and $21 price target, saying BellRing's initial public offering has allowed investors to participate in the fast-growing convenient nutrition category with one of the leading brands. Bill Chappell at SunTrust Robinson Humphrey was the lone non-bull, starting BellRing at hold with $20 price target, citing "reservations" about the channel concentration of the business and the higher-than-peer average leverage. The stock has gained 15% since closing its first day of trading (Oct. 17) at $16.50, which was 18% above the $14 IPO price. Over the same time, the Renaissance IPO ETF has tacked on 2.1% and the S&P 500 has advanced 2.8%.
New Age Beverages' (NBEV) third-quarter 2019 results might reflect gains from buyouts and a robust brand portfolio. However, higher costs might remain deterrents.
Two St. Louis-based nonprofits were chosen to share grant funding presented in conjunction with a national business award.
ST. LOUIS, Nov. 01, 2019 -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it will hold a conference call on Friday, November 22,.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
BellRing Brands Inc., the St. Louis-based PowerBar maker, raised $516.4 million in net proceeds from its initial public offering, which closed Monday.
ST. LOUIS, Oct. 21, 2019 -- Post Holdings, Inc. (NYSE:POST) (“Post”) and BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”) today announced the closing of BellRing’s previously.
(Bloomberg) -- PowerBar maker BellRing Brands Inc. rose 18% in its trading debut after raising $480 million in an initial public offering that yielded results at the low-end of its target.The company reached that mark by increasing the number of shares sold Wednesday while pricing them at $14 each, below the marketed range of $16 to $19 each. BellRing closed at $16.50 Thursday in it trading debut in New York, giving it a market value of $566 million.The listing by Post Holdings Inc. spinoff might still be the biggest of the fourth quarter, even though it fell short of the $570 million it was seeking to raise at the top of its targeted range. BellRing lackluster showing -- even with its trading gains -- could portend deepening skepticism among investors, even for companies with strong consumer brands and without aspirations for tech-level valuations.This year’s swell of tech and tech-related IPOs peaked with Uber Technologies Inc.’s $8.1 billion listing in May. Dismal performances by two offerings topping $1 billion in September -- SmileDirectClub Inc. and Peloton Interactive Inc. -- combined with the collapse of WeWork’s plans to go public have led to a clearing of the listing decks.The same day as Peloton’s shares began trading and fell 13%, entertainment company Endeavor Group Holdings Inc. first scaled back its planned $619 million share sale and then canceled it. On Wednesday, Endeavor officially withdrew its application for an IPO.Poshmark, PostmatesCompanies including fashion resale platform Poshmark Inc. and food delivery service Postmates Inc. could delay offerings until next year, people familiar with their plans have said.The only other pending U.S. listing in BellRing’s league based on current filings and data compiled by Bloomberg is China-based CloudMinds Inc. It filed in July for a listing of $500 million, a placeholder that will likely change if it decides to move ahead with an IPO.BellRing markets and distributes ready-to-drink protein shakes and other athlete-focused products like powders, nutrition bars and supplements. That’s a fast-growing category as U.S. consumers increasingly embrace keto diets and lower-carb food choices, triggering rapid growth in an otherwise laggard packaged-food sector.CEO, ProfitDarcy Horn Davenport, who was president of the active nutrition division under Post, is chief executive officer of the new company, according to the company’s regulatory filings.BellRing had a profit of $96 million profit on net sales of $640 million during the nine months ended June 30, up 5.3% from $608 million during the same period the previous year, according to its filings. The St. Louis-based company said its gross profit margin rose to 37% for the same period, up from 34% a year ago.The Class A shares offered in the IPO carry one vote each. Class B shares, which are owned by Post, give it 67% of the total voting power as long as Post or its affiliates own more than half of BellRing.The offering was led by Morgan Stanley, Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to the filing. The company’s share trading on the New York Stock Exchange under the symbol BRBR.(Updates with closing share price in second paragraph)To contact the reporters on this story: Crystal Tse in New York at firstname.lastname@example.org;Michael Hytha in San Francisco at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
BellRing Brands Inc., formerly the active nutrition business of St. Louis-based Post Holdings Inc., began trading Thursday on the New York Stock Exchange, after pricing its initial public offering of nearly 34.3 million shares at $14 per share.
BellRing Brands Inc. , a spinoff from Post Holdings Inc. that makes PowerBar-branded snacks, priced its initial public offering at $14 a share Wednesday evening, lower than its projected range. BellRing announced that it plans to sell about 34.3 million shares at that price, after originally stating the intention to sell 30 million shares at a price of $16 to $19 a share. That sale would bring in roughly $480 million, though underwriters - led by Morgan Stanley, Citigroup, JP Morgan and Goldman Sachs - have access to an additional 5.14 million shares. BellRing shares are expected to begin trading Thursday morning on the New York Stock Exchange under the ticker symbol BRBR.
ST. LOUIS, Oct. 16, 2019 -- Post Holdings, Inc. (NYSE:POST) (“Post”) and BellRing Brands, Inc. (“BellRing”) today announced the pricing of BellRing’s initial public offering.
TreeHouse Foods (THS) has been undertaking buyouts to enhance its portfolio. Also, the company focuses on exiting underperforming businesses and shifting focus toward areas with high growth potential.
Post Holdings Inc.'s active nutrition business, set to go public this fall under the BellRing Brands name, will offer 30 million Class A shares.
ST. LOUIS, Oct. 07, 2019 -- Post Holdings, Inc. (NYSE:POST) (“Post”) today announced that one of its subsidiaries, BellRing Brands, Inc. (“BellRing”) has launched a roadshow.
Blue Diamond Growers is the latest of several food manufacturers to be hit with a class-action lawsuit over vanilla flavoring in its packaged foods.
Moody's Investors Service ("Moody's") has assigned first-time ratings to BellRing Brands, LLC ("BellRing"), a wholly-owned subsidiary of Post Holdings, Inc. ("Post"). This is likely to reduce operating profit margins by 100 to 200 basis points.
Investors could be in for a bumpy ride this October. According to LPL Financial, since 1950 the S&P 500 has experienced more 1% or larger swings in October than any other month. “We believe high October volatility is more than just a coincidence. We believe it is a critical period for many investors and companies that manage performance to calendar year-end,” Goldman Sachs equity derivatives strategist John Marshall wrote in a note to clients. With this in mind, we wanted to find the most compelling investments given possible volatility next month. Using the TipRanks Stock Screener, we filtered our search results by sector specifically looking for consumer staples stocks. These stocks often hold up well during times of extreme market volatility as people still need to buy the essentials regardless of the economic landscape. Here are the 3 consumer staples stocks to buy for October. Post Holdings Inc. Post Holdings (POST\- Get Report) is the third-largest cereal maker in the U.S. with its brands including Honey Bunches of Oats, Fruity Pebbles and Bran Flakes. While shares have dipped 3% in the last five days, POST has been steadily gaining traction as shares are up 18% year-to-date. Analysts point to its active nutrition spinoff, which was originally announced last November, as reinforcing its strong long-term growth narrative. On September 20, POST filed the IPO registration for the nutrition segment of its business. The spinoff, which will be called “BellRing Brands Inc.”, includes its Premier Protein, Dymatize, PowerBar, Supreme Protein and Joint Juice brands.“We think it will be well received and is quite a value creator in that Post today trades at 10.2x EBITDA but Premier Nutrition will likely be in the 18- 22x range. At the midpoint of that value range, Premier Nutrition is likely a 4.7 billion enterprise value. Given that we think POST’s EBITDA multiple will be unchanged after an IPO of Premier Nutrition, the IPO should create over $2 billion of value for Post shareholders and that is still ahead of us,” commented Pivotal Research’s Timothy Ramey. This prompted the four-star analyst to reiterate his Buy rating and $140 price target on August 2. His price target is the highest out of all the analysts that have assigned a rating to POST as well as implies that share prices could surge 33% over the next twelve months.The rest of the Street takes a similar approach when it comes to the cereal company. With 3 Buy ratings and no Holds or Sells received in the last three months, POST has a ‘Strong Buy’ analyst consensus. Its average price target of $130 indicates 23% upside potential. Mondelez InternationalMondelez (MDLZ\- Get Report) is known as a packaged foods company. Its most famous brands include Oreo, Cadbury, Sour Patch and Philadelphia. Based on its efforts to expand its product offerings, analysts tell investors that MDLZ is poised to outperform, with shares already up 36% year-to-date. The company has placed a significant focus on making a name for itself as more than just a junk food maker. Back in June, MDLZ announced that it is set to acquire Perfect Snacks as part of this healthy food initiative. Perfect Snacks makes protein bars and bites, nut butters and healthy children's snacks. This acquisition is on top of the minority stake it purchased in both paleo food company Hu Products and prebiotic functional food company Uplift Food earlier in the year. In the last year, the company also cut the saturated fat and sodium across its entire product portfolio. Not to mention MDLZ wants to make all of its all packaging recyclable and increase its portion control products to 20% of global net revenue by 2025. All of this played into Morgan Stanley analyst Dara Mohsenian’s conclusion that MDLZ shares are still undervalued even with its year-to-date growth. As a result, the four-star analyst upgraded the stock from a Hold to a Buy and set a $62 price target on August 8. According to his estimates, share prices could rise 14% over the next twelve months. In general, Wall Street is on the same page. MDLZ boasts a ‘Strong Buy’ analyst consensus and a $60 average price target, suggesting 11% upside potential. Constellation Brands Inc. The force behind Corona and Modelo beers has taken heat from investors recently. The negative sentiment comes as a result of its 36% stake in Aurora Cannabis (ACB), which reported disappointing Q1 fiscal 2020 results on August 15. That being said, some analysts are still picking Constellation (STZ\- Get Report) as they see more gains on top of its 28% year-to-date growth in store. The beer and wine maker’s strength lies in its core brands. Corona Extra is the highest-selling imported beer and ranks in the top six overall best-selling beers in the U.S. Its Modelo beer is the second-largest and fastest-growing major beer brand in the U.S. Ahead of its October 3 Q2 earnings release, MKM Partners analyst William Kirk is picking STZ based on the strength of its Modelo products. “The unrelenting strength, and resulting cash generation, of Modelo affords Constellation the flexibility to invest in innovation, adjacent industries and marketing. Most of its peers are facing the opposite: declining volumes and a P&L under fixed cost pressures forcing a tightening of the investment belt,” he explained. He adds that STZ could get a boost as a result of channel pricing. The fact that spirits and wine are no longer priced at a consumer price index (CPI) discount to beer bodes well for the company. As a result, Kirk initiated coverage with a Buy and set a $263 price target on September 19. His price target demonstrates his confidence in STZ’s ability to climb 28% in the next twelve months. RBC Capital’s Nik Modi echoes this sentiment. Based on its beer brands, the 4.5-star analyst reiterated his Buy rating and $250 price target on the same day. All in all, the Street is cautiously optimistic about STZ. 10 Buy ratings vs 5 Holds received in the last three months add up to a ‘Moderate Buy’ analyst consensus. Its $230 average price target suggests 12% upside potential. Find Wall Street’s most loved stocks with the Top Analysts’ Stocks tool