General Mills (GIS) Getting Somewhat Favorable Media Coverage, Report Finds
Headlines about General Mills (NYSE:GIS) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Mills earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.1815478677597 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Target Appоints Walmart, General Mills Executives Tо Shоre Up Grоcerу Business (newscame.com)
- Target appoints Walmart, General Mills executives to shore up grocery business (finance.townhall.com)
- Kendall Powell’s compensation dipped in last year as General Mills CEO (finance.yahoo.com)
- Target appoints Walmart, General Mills execs to shore up grocery business (finance.yahoo.com)
- Target Plucks Executives from Walmart, General Mills to Ignite Grocery Business (finance.yahoo.com)
General Mills (NYSE:GIS) opened at 57.40 on Tuesday. The company’s 50-day moving average price is $55.05 and its 200 day moving average price is $57.85. General Mills has a 12 month low of $53.24 and a 12 month high of $71.96. The firm has a market capitalization of $33.13 billion, a PE ratio of 20.72 and a beta of 0.61.
General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. On average, equities research analysts predict that General Mills will post $3.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.41%. This is an increase from General Mills’s previous quarterly dividend of $0.48. General Mills’s payout ratio is 70.76%.
A number of research firms have issued reports on GIS. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BMO Capital Markets reissued a “hold” rating and issued a $67.00 target price on shares of General Mills in a research note on Thursday, June 15th. Royal Bank Of Canada set a $65.00 target price on General Mills and gave the company a “hold” rating in a research note on Monday, April 24th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $59.00 target price (down from $62.00) on shares of General Mills in a research note on Tuesday, May 30th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $59.93.
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About General Mills
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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