Processed & Packaged Goods: General Mills, Inc. (NYSE:GIS) Position of the dayPor Feo Sada Mar 20, 2017
General Mills, Inc. (NYSE:GIS) reported its previous quarter on 12/20/2016 where it reported the Actual Earnings of $0.85. The stock has been active on the tape, now trading at $60.66, down from yesterday's close by -0.25%. Currently, General Mills, Inc.net profit margin for the 12 months is at 9.91%. On 7th Day after earnings release, General Mills, Inc. State Street Corp boosted its position in General Mills by 0.8% in the fourth quarter. Sowell Financial Services LLC bought a new stake in shares of General Mills during the fourth quarter worth about $715,000. The stock's quarterly performance indicates a Negative momentum of -2.77 percent, whereas its last one month trend is Pessimistic with -4 percent. Smith Moore & CO. now owns 10,791 shares of the company's stock valued at $667,000 after buying an additional 40 shares during the period. Finally, Albion Financial Group UT boosted its stake in General Mills by 17.0% in the third quarter. During the past three month period the stock dropped -2.77% and decreased -6.01% in past six month. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Barclays PLC lowered their price objective on shares of General Mills from $66.00 to $64.00 and set an "equal weight" rating for the company in a report on Wednesday, December 21st. (NYSE:GIS) paid a total dividend of $0.48 per share. The firm shows a 20-Day Simple Moving Average of 0.09% with a 200-Day Simple Moving Average of -5.30%. The Average Volume of the company is 2.94 Million and P/E (price to earnings) ratio is 22.58, while Forward P/E ratio is 18.37. Investors of record on Monday, April 10th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.17%. General Mills's dividend payout ratio is 71.64%.
GIS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of General Mills from a "buy" rating to a "hold" rating in a research report on Friday, December 2nd. Royal Bank of Canada restated a "hold" rating on shares of General Mills in a report on Sunday, March 12th. They issued a "hold" rating and a $61.00 price objective for the company.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of General Mills, Inc.
12/20/2016 - General Mills, Inc. had its "market perform" rating reiterated by analysts at Wells Fargo. Finally, Deutsche Bank AG started coverage on shares of General Mills in a report on Wednesday, February 15th. The company presently has an average rating of "Hold" and a consensus target price of $66.35. RYAN ROBERT L also sold $1.22 million worth of General Mills, Inc. Volatility for the week appears to be 0.94% in conjunction with the Volatility for the month at 1.31%. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The short ratio in the company's stock is documented at 3.7 and the short float is around of 1.88%.
General Mills, Inc.is a manufacturer and marketer of branded consumer foods sold through retail stores.
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