News headlines about General Mills (NYSE:GIS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Mills earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.2296604434427 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Analysts Anticipate General Mills, Inc. (GIS) Will Announce Earnings of $0.78 Per Share (americanbankingnews.com)
- Technical data from the actions of people on General Mills, Inc. (GIS) – Wall Street Morning (wallstreetmorning.com)
- General Mills (GIS) Set to Announce Quarterly Earnings on Monday (americanbankingnews.com)
- General Mills, Inc. (GIS) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Why Did Shares of Blue Buffalo Pet Products, Inc. Jump 18% in February (finance.yahoo.com)
General Mills (NYSE GIS) traded up $0.52 on Monday, reaching $51.97. 3,644,610 shares of the company traded hands, compared to its average volume of 4,870,000. The firm has a market capitalization of $29,570.00, a PE ratio of 19.04, a PEG ratio of 2.13 and a beta of 0.72. 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 has a 1 year low of $49.65 and a 1 year high of $61.34.
General Mills announced that its Board of Directors has authorized a share buyback program on Friday, February 23rd that allows the company to buyback outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Several research analysts have recently weighed in on the stock. Argus restated a “hold” rating on shares of General Mills in a research note on Wednesday, December 27th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Susquehanna Bancshares set a $61.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Friday, January 5th. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price for the company in a research note on Wednesday, January 3rd. Finally, Credit Suisse Group set a $60.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. General Mills has an average rating of “Hold” and an average target price of $57.64.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction 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 sale, the insider now directly owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
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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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