NEW YORK (TheStreet) -- Shares of Post Holdings Inc. (POST) are lower by 2.11% to $35.30 in early afternnon trading on Wednesday, as consumer food stocks slump due to General Mills' (GIS) weak earnings results for the fiscal 2015 first quarter.
General Mills reported a decline in net income for the most recent quarter to $345.2 million, or 55 cents per share compared to $459.3 million, or 70 cents per share for the fiscal 2014 first quarter.
Adjusted earnings per share dropped to 61 cents from 70 cents for the year ago quarter, analysts expected EPS of 69 cents for the fiscal 2015 first quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
General Mills' revenue for the latest quarter decreased 2% to $4.27 billion, while analysts' expected $4.38 billion.
Other consumer food stocks falling as a result include Kellogg Co. (K) , lower by 1.68% to $62.80, ConAgra Foods Inc. (CAG) , down by 1.20% to $31.98, and Tyson Foods Inc. (TSN) , lower by 1.97% to $38.31.
Separately, TheStreet Ratings team rates POST HOLDINGS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate POST HOLDINGS INC (POST) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."