Press coverage about General Mills (NYSE:GIS) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Mills earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.5023680657235 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Do What Insiders Does: Becton, Dickinson and Company (BDX), General Mills, Inc. (GIS) – Market Movers (financialqz.com)
- Susquehanna updates on General Mills – Seeking Alpha (seekingalpha.com)
- General Mills, Inc., (NYSE: GIS), Gray Television, Inc., (NYSE: GTN) – Stocks Updates – Stocks In The News (press release) (tradingnewsnow.com)
- The sentiment expressed by investors: General Mills, Inc. (GIS), SeaDrill Limited (SDRL) – Market Movers (financialqz.com)
- Why General Mills Expects Its Margins to Decline in Fiscal 2Q18 (finance.yahoo.com)
GIS has been the subject of several research reports. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group initiated coverage on shares of General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 price objective for the company. Royal Bank of Canada set a $58.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Monday, October 23rd. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.66.
General Mills (NYSE:GIS) traded up $0.17 during trading on Wednesday, hitting $56.06. 2,785,800 shares of the stock traded hands, compared to its average volume of 3,716,712. General Mills has a twelve month low of $49.65 and a twelve month high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a market cap of $31,764.44, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the company earned $0.78 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. research analysts forecast that General Mills will post 3.1 earnings per share for the current year.
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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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