General Mills (GIS) PT Set at $61.00 by Susquehanna Bancshares

  • General Mills (GIS) PT Set at $61.00 by Susquehanna Bancshares

General Mills (GIS) PT Set at $61.00 by Susquehanna Bancshares

General Mills shares were down by more than 9% Wednesday morning after the company lowered operating-profit guidance for its full fiscal year ending in May. For the past 5 years, the company's revenue has grown -1.3%, while the company's earnings per share has grown 3.3%.

General Mills, Inc. (NYSE:GIS) is worth US$28.66 Billion and has recently fallen -0.56% to US$49.93. Kellogg crashed 4%. Kraft Heinz lost 1.55%, hitting its worst levels since August 2015, while Campbell Soup sank 3% to a 4-year low. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 20th. The Zacks Consensus Estimate for EPS was 79 cents per share, in line with the company's adjusted figure. General Mills had a net margin of 10.29% and a return on equity of 38.89%.

Net sales rose 2.3 percent to $3.88 billion.

The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said it would try to strengthen next year's earnings by improving its distribution network, cutting costs globally and finding ways to eke out better product margins.

On March21, 2018, General Mills, Inc. issued a press release reporting financial results for its third quarter ended February25, 2018.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. The ex-dividend date is Monday, April 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.93%. General Mills's payout ratio is 71.79%. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

A number of equities research analysts have issued reports on GIS shares. During the same period in the previous year, the company earned $0.72 EPS. research analysts anticipate that General Mills will post 3.17 earnings per share for the current year. BMO Capital Markets restated a neutral rating on shares of General Mills in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. The company now has an average rating of Hold and a consensus target price of $57.21. According to today's trading volume General Mills, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -9.22%, and has a solid year to date (YTD) performance of -15.79% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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General Mills manufactures branded consumer foods, like ready-to-eat cereals, convenient meals, snacks, yogurt, baking mixes, and ice cream, to retail and food-service customers.

Over the winter months, the company's biggest business unit, North American retail, saw a sales jump of 0.7 percent and a 0.3 percent gain in operating profit.