Headlines about General Mills (NYSE:GIS) have been trending positive this week, according to Alpha One Sentiment. The research firm, a unit of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Alpha One 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 news sentiment score of 0.28 on Alpha One’s scale. Alpha One also gave media headlines about the company an impact score of 96 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected AlphaOne’s analysis:
- Agree To Buy General Mills At $45, Earn 3.8% Using Options (stockoptionschannel.com)
- ‘Food revolution’: megabrands turn to small start-ups for big ideas (finance.yahoo.com)
- Zacks Investment Research Downgrades General Mills, Inc. (GIS) to Sell (americanbankingnews.com)
- How does General Mills pick the next Wheaties cereal box cover? (Photos) (bizjournals.com)
- Nine of 10 top yogurt brands grew last year. Guess who owns the one that didn’t? (finance.yahoo.com)
Shares of General Mills (NYSE:GIS) traded up 0.39% during mid-day trading on Wednesday, hitting $56.91. 2,388,587 shares of the company’s stock were exchanged. The company has a market capitalization of $32.79 billion, a price-to-earnings ratio of 21.09 and a beta of 0.56. The firm has a 50 day moving average price of $57.13 and a 200-day moving average price of $60.35. General Mills has a 52 week low of $55.57 and a 52 week high of $72.95. General Mills also was the target of unusually large options trading activity on Monday. Investors purchased 5,720 put options on the stock. This represents an increase of approximately 156% compared to the typical daily volume of 2,236 put options.
General Mills (NYSE:GIS) last issued its earnings results on Tuesday, March 21st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.82 billion. General Mills had a return on equity of 35.10% and a net margin of 10.23%. General Mills’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. On average, equities analysts anticipate that General Mills will post $3.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a $0.48 dividend. The ex-dividend date was Thursday, April 6th. This represents a $1.92 annualized dividend and a yield of 3.37%. General Mills’s dividend payout ratio (DPR) is currently 71.64%.
A number of research firms recently issued reports on GIS. Piper Jaffray Companies began coverage on shares of General Mills in a report on Wednesday. They issued an “underweight” rating for the company. Royal Bank of Canada set a $65.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research note on Monday, April 24th. Vetr downgraded shares of General Mills from a “buy” rating to a “hold” rating and set a $57.45 price objective for the company. in a research note on Tuesday, May 2nd. Credit Suisse Group AG reiterated a “neutral” rating and set a $56.00 price objective (down from $65.00) on shares of General Mills in a research note on Friday, May 19th. Finally, Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $64.09.
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In other news, insider Jonathon Nudi bought 1,800 shares of General Mills stock in a transaction that occurred on Wednesday, April 12th. The stock was purchased at an average cost of $57.45 per share, with a total value of $103,410.00. Following the completion of the transaction, the insider now directly owns 34,077 shares in the company, valued at $1,957,723.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
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.
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