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Top related persons:
Ken Goldman - 1 Rachael Ray Nutrish - 1 Goldman - 1 — - 1 Michael Bloom - 1
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Thursday's
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Holdings - 1 JPMorgan - 1

Search resuls for: "Rachael Ray Nutrish"


2 mentions found


☆ JPMorgan says this packaged food company can rally 25% thanks to strong cash flow
  + stars: | 2023-10-13 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
Post Holdings is "a post-er child for strong free cash flow," according to JPMorgan. "Post generates strong cash flow, which may be applied in large quantities to reduce debt and buy back stock over the next two years," Goldman said in a Friday note. Over the past six years, Post's free cash flow conversion rate was a median 156%, well above the median larger-cap food producer's 92% median conversion rate. The company routinely engages in portfolio transformation and is "not afraid" to buy lower-growth assets as long as they offer consistent cash flow, Goldman said. The company prioritizes free cash flow over earnings and does not pay a dividend.
Persons: Ken Goldman, Rachael Ray Nutrish, Goldman, —, Michael Bloom Organizations: Holdings, JPMorgan Locations: Thursday's
☆ Post to Buy Pet Food Brands From J.M. Smucker for $1.2 Billion
  + stars: | 2023-02-08 | by ( Stephen Nakrosis | ) www.wsj.com   time to read: 1 min
The deal includes Rachael Ray Nutrish and Gravy Train in addition to 9Lives and other brands. Post Holdings Inc. agreed to pay $1.2 billion to buy multiple brands from J.M. Smucker Co. in a deal that marks the food giant’s entry into the pet-foods market. The transaction includes Rachael Ray Nutrish, Gravy Train, 9Lives, Nature’s Recipe and Kibbles ’n Bits, as well as manufacturing locations in Bloomsburg, Pa.; Meadville, Pa.; and Lawrence, Kan.
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