Headlines about General Mills (NYSE:GIS) have been trending somewhat positive on Saturday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. General Mills earned a news impact score of 0.16 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 90 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Alpha One Sentiment’s analysis:
Several brokerages recently weighed in on GIS. Deutsche Bank AG began coverage on General Mills in a research note on Wednesday, February 15th. They set a “hold” rating and a $61.00 target price on the stock. Credit Suisse Group AG restated a “neutral” rating and set a $65.00 target price on shares of General Mills in a research note on Thursday, February 2nd. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. Royal Bank of Canada restated a “hold” rating on shares of General Mills in a research note on Sunday, March 12th. Finally, Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $52.00 target price on the stock. in a research note on Tuesday, March 21st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. General Mills presently has an average rating of “Hold” and an average price target of $64.65.
General Mills (NYSE:GIS) traded up 0.44% during mid-day trading on Friday, reaching $57.30. The company’s stock had a trading volume of 3,745,869 shares. General Mills has a one year low of $55.67 and a one year high of $72.95. The firm has a market cap of $33.01 billion, a PE ratio of 21.23 and a beta of 0.56. The stock’s 50 day moving average is $58.14 and its 200 day moving average is $60.79. General Mills also was the recipient of unusually large options trading on Thursday. Stock traders purchased 18,592 call options on the company. This is an increase of approximately 1,039% compared to the typical daily volume of 1,633 call options.
General Mills (NYSE:GIS) last released its quarterly earnings results on Tuesday, March 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. General Mills had a return on equity of 35.10% and a net margin of 10.23%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the company posted $0.65 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. On average, analysts anticipate that General Mills will post $3.06 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, April 6th. General Mills’s dividend payout ratio is currently 71.64%.
In related news, insider Jonathon Nudi purchased 1,800 shares of the stock in a transaction that occurred on Wednesday, April 12th. The shares were purchased at an average price of $57.45 per share, with a total value of $103,410.00. Following the completion of the acquisition, the insider now directly owns 34,077 shares in the company, valued at approximately $1,957,723.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% 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.