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POST

Post Holdings Inc (NYSE:POST) has agreed to acquire Perfection Pet Foods LLC for $235 million. The acquisition includes two facilities in Visalia, California, and will expand Post's manufacturing capacity and provide an entry into the private label and co-manufacturing pet food category. The deal is expected to close in Q4 2023 and contribute around $25 million of Adjusted EBITDA in the next 12 months. Post also anticipates a tax benefit of about $20 million and lower future capital expenditures for capacity expansion.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:47 pm

DIS

A significant amount of unusual options activity has been detected for Walt Disney (NYSE:DIS), with a majority of investors taking a bearish stance. The trades range from $45.0 to $110.0, with a total of 7 puts and 19 calls. The current price of DIS is $84.57, down by 0.15%, and the RSI indicators suggest the stock may be approaching overbought. The next earnings are expected in 29 days.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:46 pm

MCD

A significant investor has taken a bearish stance on McDonald's (NYSE:MCD), with 72% of the detected trades being bearish. The total amount for puts is $343,970 and for calls is $217,905. Whales have been targeting a price range from $240.0 to $260.0 for McDonald's over the last 3 months. The current price of MCD is $252.0, up 0.83%. Analysts have mixed ratings with price targets ranging from $283 to $355.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:46 pm

BKNG

A significant bullish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $2650.0 to $3600.0 for Booking Holdings over the last 3 months. Argus Research has downgraded its action to Buy with a price target of $3677, while DA Davidson maintains a Neutral rating with a price target of $3400.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:46 pm

IPG

Interpublic Group's (IPG) subsidiary, Momentum Worldwide, has been granted three patents related to artificial intelligence (AI). This could potentially enhance the company's offerings and competitiveness in the market.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 2:40 pm

CVX

Chevron (CVX) has halted natural gas exports from Israel to Egypt via the EMG pipeline, according to Israel's Energy Ministry. The company is now using an alternative pipeline through Jordan.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 2:17 pm

EADSY

Airbus SE delivered 55 airplanes to 34 customers in August, with gross orders totaling 23. Year-to-date deliveries totaled 488 airplanes to 78 customers. The largest orders were from India-based airlines Indigo and Air India. Airbus has also undergone a significant leadership reshuffle, appointing Christian Scherer as the CEO of the Commercial Aircraft business. EADSY shares closed 0.7% lower at $32.67 on Monday.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 2:04 pm

TGT

A significant amount of unusual options activity has been observed for Target Corporation (NYSE:TGT), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades range from a price of $105.0 to $175.0. The current price of TGT is up 0.18% at $105.95. Several financial institutions have maintained a 'Hold' rating on Target, with price targets ranging from $116 to $140.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:01 pm

PDD

A significant amount of unusual options activity has been detected for PDD Holdings (NASDAQ:PDD), with a majority of investors taking a bullish stance. The trades include 4 puts amounting to $264,560 and 7 calls amounting to $352,025. Whales have been targeting a price range from $88.0 to $130.0 for PDD Holdings over the last 3 months. The current price of PDD is up 0.43% at $107.42.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:01 pm

SPY

The Wholesale Inventories for the month of August came in as expected at -0.1%.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 2:00 pm