Media stories about General Mills (NYSE:GIS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.5908881905081 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- PepsiCo buys S.F.-based Bare Foods as food giants shop Bay Area for innovation (finance.yahoo.com)
- Many Dividend Growth Stocks Are Finally In A Bear Market: General Mills (investing.com)
- Have You Noticed That Many Dividend Stocks Are Finally In A Bear Market? General Mills Inc.: Part 1 (seekingalpha.com)
- General Mills (GIS) CEO Jeffrey L. Harmening Buys 6,000 Shares (americanbankingnews.com)
- General Mills’ 30% Upside Looks Appetizing (finance.yahoo.com)
GIS has been the topic of several recent research reports. Jefferies Group reiterated a “buy” rating and set a $63.00 target price on shares of General Mills in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, February 26th. Citigroup decreased their target price on shares of General Mills from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Susquehanna Bancshares set a $50.00 target price on shares of General Mills and gave the company a “buy” rating in a research report on Monday, May 21st. Finally, TheStreet lowered shares of General Mills from a “b-” rating to a “c+” rating in a research report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.82.
General Mills traded up $0.44, hitting $42.64, during trading on Friday, MarketBeat Ratings reports. 3,901,426 shares of the stock traded hands, compared to its average volume of 4,680,753. General Mills has a one year low of $41.01 and a one year high of $60.69. The company has a market capitalization of $24.26 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.85 and a beta of 0.76. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.34.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 21st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. General Mills had a net margin of 13.96% and a return on equity of 37.64%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period last year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. research analysts expect that General Mills will post 3.07 earnings per share for the current year.
General Mills declared that its Board of Directors has initiated a stock repurchase plan on Friday, February 23rd that permits the company to buyback shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.60%. The ex-dividend date was Monday, April 9th. General Mills’s dividend payout ratio is currently 63.64%.
In related news, CEO Jeffrey L. Harmening bought 6,000 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was bought at an average cost of $42.18 per share, with a total value of $253,080.00. Following the completion of the purchase, the chief executive officer now owns 114,696 shares in the company, valued at approximately $4,837,877.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods in the United States. The company operates in four segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, shelf stable and frozen vegetables, and ice cream and frozen desserts, as well as grain, fruit and savory snacks; and various organic products, including nutrition bars, meal kits, salty snacks, and ready-to-eat cereal.
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