Media coverage about General Mills (NYSE:GIS) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Mills earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.7157501953289 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- Clorox, General Mills execs discuss Amazon’s disruption in the grocery aisle (feeds.bizjournals.com)
- General Mills leads $17M round for Urban Remedy (bizjournals.com)
- McCormick: Analysts Remain ‘Neutral’ on the Stock (finance.yahoo.com)
- $3.87 Billion in Sales Expected for General Mills, Inc. (GIS) This Quarter (americanbankingnews.com)
- General Mills (GIS) Given a $62.00 Price Target by Credit Suisse Group Analysts (americanbankingnews.com)
General Mills (NYSE:GIS) traded up $0.66 during trading hours on Monday, reaching $59.77. 3,154,123 shares of the company were exchanged, compared to its average volume of 3,159,486. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. The stock has a market capitalization of $34,010.00, a price-to-earnings ratio of 21.89, a PEG ratio of 2.61 and a beta of 0.66. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. sell-side analysts predict that General Mills will post 3.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 71.79%.
A number of analysts have recently issued reports on the stock. Credit Suisse Group set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Thursday. Susquehanna Bancshares set a $61.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Friday, January 5th. Piper Jaffray Companies raised shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price for the company in a research note on Wednesday, January 3rd. Argus reissued a “hold” rating on shares of General Mills in a research note on Wednesday, December 27th. Finally, BMO Capital Markets reissued a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.28.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.
General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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