Do You Have General Mills, Inc. (NYSE:GIS) In Your Portfolio?

Eileen GuzmanMar 24, 2018

Gabelli cut General Mills from a "buy" rating to a "hold" rating in a report on Tuesday, March 6th. BMO Capital Markets reiterated a "neutral" rating on shares of General Mills in a research report on Friday, December 22nd.

Shares of General Mills plunged 9.1% to 45.39 on the stock market today, hitting their lowest level in almost five years. SELL rating has been given by 0 analyst (s) and 3 analyst (s) given BUY rating to the stock. The stock now has an average rating of "Hold" and an average price target of $57.21.

General Mills, Inc. (GIS) finalized the Tuesday at price of $49.93 after traded 6356359 shares. The company's stock had a trading volume of 12,311,520 shares, compared to its average volume of 4,516,821. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. General Mills, Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $60.69. The firm had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.87 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business's revenue was up 2.3% compared to the same quarter a year ago.

Going forward, General Mills now anticipates fiscal 2018 adjusted earnings per share will be flat to up 1 percent from fiscal 2017's $3.08 per share. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Stockholders of record on Tuesday, April 10th will be given a dividend of 0.49 per share on Tuesday, May 1st. Its prior guidance was for a 3 percent to 4 percent increase.

General Mills said cost-saving measures would include increasing the number of qualified freight carriers, using different modes of transportation and tightly monitoring spending for the rest of the fiscal year.

In related news, insider Bethany C. Quam sold 8,712 shares of the company's stock in a transaction dated Tuesday, January 9th.

CareTrust REIT, Inc. (NASDAQ:CTRE)'s earnings per share has been growing at a 135 percent rate over the past 5 year when average revenue increase was noted as 25.9 percent. As a company's earnings per share being to rise, so does their market value per share. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. If a buyer buys one share of stock from a seller, then that one share is added to the total volume of that particular stock. Albert D Mason Inc. grew its holdings in shares of General Mills by 17.0% in the third quarter. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. Truewealth LLC acquired a new position in shares of General Mills in the 4th quarter valued at about $119,000. Grove Bank & Trust raised its holdings in shares of General Mills by 322.7% in the 3rd quarter. If the $42.36 price target is reached, the company will be worth $1.54 billion less. If you are accessing this report on another site, it was stolen and reposted in violation of global copyright & trademark law.

General Mills, a part of Consumer Goods sector and belongs to Processed & Packaged Goods industry.

The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said it would try to strengthen next year's earnings by improving its distribution network, cutting costs globally and finding ways to eke out better product margins.

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