General Mills (GIS) Getting Somewhat Favorable News Coverage, Study Shows

Media coverage about General Mills (NYSE:GIS) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern 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 media sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the company an impact score of 43.3861141345545 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

Several analysts have issued reports on the company. Royal Bank Of Canada cut their target price on General Mills from $65.00 to $62.00 and set a “sector perform” rating for the company in a research note on Thursday, June 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. UBS AG reaffirmed a “neutral” rating and issued a $58.00 target price (down previously from $61.00) on shares of General Mills in a research note on Friday, June 30th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Wells Fargo & Company cut their target price on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research note on Friday, September 22nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and an average price target of $56.75.

Shares of General Mills (GIS) opened at 51.27 on Friday. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 18.37 and a beta of 0.61. General Mills has a 1-year low of $50.13 and a 1-year high of $64.06. The stock’s 50 day moving average price is $53.29 and its 200-day moving average price is $55.75.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. On average, equities research analysts forecast that General Mills will post $3.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio (DPR) is 70.25%.

TRADEMARK VIOLATION WARNING: “General Mills (GIS) Getting Somewhat Favorable News Coverage, Study Shows” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2956239/general-mills-gis-getting-somewhat-favorable-news-coverage-study-shows.html.

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.

Insider Buying and Selling by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.