Long Position on POST @ $83.30 on 7/11/2022 (Momentum)

Post Holdings, Inc. (POST) operates as a consumer packaged goods holding company in the United States and internationally. Stockwinners

It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands.

The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products. It serves grocery stores, mass merchandise customers, supercenters, club stores, natural/specialty stores, and drug store customers, as well as sells its products in the military, ecommerce, and foodservice channels.

The Weetabix segment primarily markets and distributes branded and private label RTE cereal, hot cereals and other cereal-based food products, breakfast drinks, and muesli. This segment sells its products to grocery stores, discounters, wholesalers, and convenience stores, as well as through ecommerce.

The Foodservice segment produces and distributes egg and potato products in the foodservice and food ingredient channels. It serves foodservice distributors and national restaurant chains.

The Refrigerated Retail segment produces and distributes side dishes, eggs and egg products, sausages, cheese, and other dairy and refrigerated products for grocery stores and mass merchandise customers. The BellRing Brands segment markets and distributes ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and supplements. It serves club stores, food, drug and mass customers, and online retailers, as well as specialty retailers, convenience stores, and distributors. 

On May 5th, Post Holdings (POST) reported 2nd Quarter March 2022 earnings of $0.24 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.21 per share on revenue of $1.4 billion. Revenue fell 5.0% compared to the same quarter a year ago.

Since then, shares have formed a bullish "cup and handle" and are expected to move higher from this formation.

Entry Point: $83.30

Trading Range: $61.68 - $84.42

Stop Loss: $79.50

Target Price: $92.00

Position closed on 8/3/2022 at price of $88.50 with a 6.24% gain in 23 days.

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