By rolling up food brands, selling off unrelated businesses and spinning off consumer products companies, Post Holdings Chief Executive Officer Bill Stiritz has built a track record over the past 30 years that ranks among the best on Wall Street.His latest moves at Post are putting his reputation on the line. Over the last 12 months, Stiritz has spent nearly $4 billion on seven acquisitions. They include deals that some analysts and investors say are unfocused and that don't fit into a coherent strategy to turn around the century-old cereal maker.Post's most recent deal and its largest to date is the $2.5 billion acquisition of Michael Foods, a food processor and distributor. Synergies are limited between the two companies, said Wells Fargo analyst John Baumgartner in a research note, and the debt that Post has taken on to finance the transaction will limit its ability to conduct future deals.But it's difficult to bet against Stiritz. Since he took over the reins of Post when Ralcorp spun off the cereal maker in 2012, its stock has nearly doubled to more than $52.
Post Holdings, Inc. is a consumer goods company operating in the center-of-the-store, active nutrition and private label food categories. Shares of POST traded higher by 1.03% or $0.54/share to $52.76. In the past year, the shares have traded as low as $38.31 and as high as $60.63. On average, 553271 shares of POST exchange hands on a given day and today's volume is recorded at 253478.
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