General Mills (GIS) Getting Somewhat Positive News Coverage, Report Finds

Media stories about General Mills (NYSE:GIS) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Mills earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.4159834265207 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently commented on GIS. Susquehanna Bancshares set a $61.00 price objective on shares of General Mills and gave the company a “hold” rating in a research report 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 price objective on the stock in a research report on Wednesday, January 3rd. Argus restated a “hold” rating on shares of General Mills in a research report on Wednesday, December 27th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Finally, Wells Fargo & Co set a $65.00 price objective on shares of General Mills and gave the company a “buy” rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $58.17.

General Mills (NYSE GIS) traded up $0.69 on Wednesday, reaching $59.12. 3,186,485 shares of the company traded hands, compared to its average volume of 3,149,918. The stock has a market capitalization of $33,640.00, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.55 and a beta of 0.66. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. 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 (NYSE:GIS) last posted its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $0.85 earnings per share. General Mills’s quarterly revenue was up 2.1% on a year-over-year basis. analysts anticipate that General Mills will post 3.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.32%. General Mills’s payout ratio is currently 71.79%.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for General Mills (NYSE:GIS)

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