Headlines about General Mills (NYSE:GIS) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Mills earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.8171102230766 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Buzzworthy: Honey Nut Cheerios Makes Good Go Round By Giving Away Free Family-Size Boxes Of Cereal In Honor Of Amazon Prime Day (finance.yahoo.com)
- Will General Mills' Key Global Plans Take It Toward Recovery? (finance.yahoo.com)
- Notable Trader’s Buzzers: General Mills, Inc., (NYSE: GIS), Wynn Resorts, Limited, (NASDAQ: WYNN) (globalexportlines.com)
- General Mills: Best Dividend Growth Years Behind It? (seekingalpha.com)
- Today’s Pickup: Freight Markets Strong To End Q2 (finance.yahoo.com)
GIS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, March 15th. Susquehanna Bancshares set a $50.00 target price on shares of General Mills and gave the stock a “buy” rating in a research note on Monday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $55.00 target price on shares of General Mills in a research note on Wednesday, June 27th. Citigroup cut their target price on shares of General Mills from $61.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, June 29th. Finally, TheStreet lowered shares of General Mills from a “b-” rating to a “c+” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.71.
GIS stock opened at $44.84 on Friday. The company has a market capitalization of $25.83 billion, a PE ratio of 14.42, a PEG ratio of 1.67 and a beta of 0.79. General Mills has a twelve month low of $41.01 and a twelve month high of $60.69. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.56 and a quick ratio of 0.34.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 27th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.07. General Mills had a return on equity of 35.14% and a net margin of 13.54%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. sell-side analysts predict that General Mills will post 3.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Tuesday, July 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, July 9th. General Mills’s dividend payout ratio is presently 63.02%.
In other General Mills news, CEO Jeffrey L. Harmening bought 6,000 shares of General Mills stock in a transaction on Wednesday, May 23rd. The stock was bought at an average price of $42.18 per share, with a total value of $253,080.00. Following the completion of the acquisition, the chief executive officer now owns 114,696 shares in the company, valued at $4,837,877.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn P. Ogrady sold 82,244 shares of the firm’s stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $45.50, for a total value of $3,742,102.00. Following the completion of the sale, the insider now directly owns 187,948 shares of the company’s stock, valued at approximately $8,551,634. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
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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