Headlines about General Mills (NYSE:GIS) have trended positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Mills earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.072211975193 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Susquehanna stays cautious on General Mills after earnings – Seeking Alpha (seekingalpha.com)
- General Mills, Inc. (NYSE: GIS) – Early Moves to Watch – Alpha Beta Stock (alphabetastock.com)
- General Mills Gets Boost From Growth in Cereal, Snacks Sales – Wall Street Journal (wsj.com)
- General Mills (GIS) Q2 Earnings Meet, Ups Organic Sales View – Nasdaq (nasdaq.com)
- Historic ads featuring Santa Claus (finance.yahoo.com)
A number of research analysts have recently commented on GIS shares. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group started coverage on General Mills in a research report on Friday, October 20th. They set a “hold” rating and a $56.00 target price for the company. Royal Bank of Canada set a $58.00 target price on General Mills and gave the company a “hold” rating in a research report on Monday, October 23rd. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. General Mills currently has an average rating of “Hold” and an average target price of $57.88.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. sell-side analysts anticipate that General Mills will post 3.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.29%. General Mills’s dividend payout ratio is presently 70.25%.
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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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