General Mills (GIS) Earns Coverage Optimism Rating of 0.14

News articles about General Mills (NYSE:GIS) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, 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 gave media coverage about the company an impact score of 45.5890474050572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

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Shares of NYSE GIS traded down $0.03 during mid-day trading on Monday, reaching $44.95. 5,040,256 shares of the company traded hands, compared to its average volume of 5,562,977. General Mills has a fifty-two week low of $43.84 and a fifty-two week high of $60.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.69 and a quick ratio of 0.45. The firm has a market capitalization of $25,874.42, a PE ratio of 14.59, a P/E/G ratio of 2.04 and a beta of 0.77.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 21st. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. General Mills had a net margin of 13.96% and a return on equity of 37.64%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. sell-side analysts anticipate that General Mills will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid 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 4.36%. General Mills’s dividend payout ratio is presently 63.64%.

General Mills declared that its board has approved a share buyback plan on Friday, February 23rd that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have commented on GIS shares. Jefferies Group upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, February 14th. Wells Fargo set a $65.00 price target on shares of General Mills and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Monday, February 26th. Citigroup dropped their price target on shares of General Mills from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. 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, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.71.

In related news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the transaction, the insider now owns 36,089 shares in the company, valued at $2,143,686.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

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General Mills Company Profile

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.

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

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