Media stories about General Mills (NYSE:GIS) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Mills earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.1258396915739 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- What’s Behind McCormick’s Stellar Sales? (finance.yahoo.com)
- General Mills (GIS) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- General Mills (GIS) Expected to Announce Quarterly Sales of $3.95 Billion (americanbankingnews.com)
- Zacks: Brokerages Expect General Mills (GIS) to Post $0.77 EPS (americanbankingnews.com)
- General Mills (GIS) Given a $62.00 Price Target at Royal Bank of Canada (americanbankingnews.com)
Several analysts have issued reports on GIS shares. Credit Suisse Group restated a “hold” rating and set a $55.00 price target on shares of General Mills in a research report on Tuesday, March 20th. Edward Jones restated a “hold” rating on shares of General Mills in a research report on Wednesday, December 20th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Barclays restated a “hold” rating and set a $48.00 price target on shares of General Mills in a research report on Friday, March 23rd. Finally, Zacks Investment Research lowered shares of General Mills from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.71.
Shares of General Mills stock traded up $0.02 during trading on Tuesday, reaching $45.26. 3,757,596 shares of the stock were exchanged, compared to its average volume of 5,469,917. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.34. The firm has a market cap of $25,493.16, a P/E ratio of 14.69, a P/E/G ratio of 2.01 and a beta of 0.77. General Mills has a 1 year low of $43.84 and a 1 year high of $60.69.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 21st. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.87 billion. General Mills had a net margin of 13.96% and a return on equity of 37.64%. General Mills’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. research analysts forecast that General Mills will post 3.09 earnings per share for the current fiscal year.
General Mills declared that its board has initiated a share buyback program on Friday, February 23rd that authorizes the company to repurchase shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, April 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.33%. General Mills’s dividend payout ratio is currently 63.64%.
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About General Mills
General Mills, Inc manufactures and markets branded consumer foods in the United States. The company operates in four segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, shelf stable and frozen vegetables, and ice cream and frozen desserts, as well as grain, fruit and savory snacks; and various organic products, including nutrition bars, meal kits, salty snacks, and ready-to-eat cereal.
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