Post Holdings is taking a more nuanced approach to M&A as the business seeks to balance opportunities with share buybacks amid pressure on volumes. Volumes fell in the fourth quarter across Post’s consumer brands, pet food, breakfast cereal and refrigerated products, while the foodservice division bucked the trend. Discussing the latest results with analysts last week, president and CEO Rob Vitale said out-of-home volumes will be supported in fiscal 2026 by the company’s “highest value products”, and alo ...