Gold prices steady ahead of Fed decision; weekly weakness noted
ST. LOUIS, MO - Post Holdings , Inc. (NYSE:POST), a consumer packaged goods holding company with a market capitalization of $6.08 billion, announced the results of its annual shareholder meeting held on January 30, 2025. The company, which according to InvestingPro data has been seeing aggressive share buybacks from management, reported a strong turnout with 94.78% of outstanding shares represented, indicating a high level of shareholder engagement. The company’s stock currently trades near its 52-week low, presenting a potentially interesting entry point for investors.
During the meeting, all eight nominees for director were elected to serve until the 2026 annual meeting or until their successors are elected and qualified. The election saw a majority of shareholders voting in favor of each nominee, with the percentage of votes cast for ranging from 83.31% to 99.79%.
Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for fiscal year 2025 with an overwhelming 98.98% of votes in favor.
A non-binding advisory vote on the company’s executive compensation was approved with 68.39% of votes cast for. Furthermore, shareholders decided on the frequency of advisory votes on executive compensation, with the majority favoring an annual vote. The Board has thus determined to hold such votes annually until the next required frequency vote or unless a different frequency is deemed in the best interests of the shareholders.
The Post Holdings, Inc. Amended and Restated 2021 Long-Term Incentive Plan received a strong endorsement, with 97.69% of votes cast for approval.
In matters of corporate governance, management’s proposal to eliminate certain supermajority voting requirements was approved with 92.55% of the votes cast for. A shareholder’s proposal to eliminate all supermajority voting requirements also passed with 59.20% approval. However, a shareholder’s proposal regarding the adoption of a director election resignation guideline did not receive approval, with only 14.37% of votes cast for.
The results of the meeting reflect shareholder support for the company’s direction and governance practices. The approval of the A&R 2021 Plan and the elimination of supermajority voting requirements signal a move towards greater flexibility and responsiveness to shareholder interests.
This news is based on a press release statement from Post Holdings, Inc. and the company’s recent SEC filing.
In other recent news, Post Holdings has witnessed noteworthy developments. Jefferies has reduced the company’s price target to $128, however, maintaining a Buy rating. Analyst Rob Dickerson highlighted the company’s financial attractiveness, citing a free cash flow yield of approximately 10% and an enterprise value to EBITDA multiple of around 8.5 times. Piper Sandler also adjusted its outlook on Post Holdings, reducing the price target from $140.00 to $120.00, while maintaining an Overweight rating. The firm lowered its F25E earnings per share (EPS) estimate for Post Holdings from $5.60 to $5.55 and its F26E EPS from $6.80 to $6.79.
In terms of mergers and acquisitions, Post Holdings has confirmed its intent to acquire Potato Products of Idaho, L.L.C. (PPI), a move that is expected to enhance the company’s production capabilities and broaden its market reach. This acquisition is slated to be finalized in the first calendar quarter of 2025. In addition, Post Holdings is reportedly considering a potential transaction with Lamb Weston Holdings (NYSE:LW), a leading producer of frozen potato products. These are recent developments that investors and market watchers will likely continue to monitor closely.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.