General Mills shares set to fall after worse-than-expected first quarter

General Mills shares set to fall after worse-than-expected first quarter”

Bank of New York Mellon Corp now owns 7,013,411 shares of the company's stock valued at $413,862,000 after buying an additional 1,449,632 shares during the last quarter.

Over the past year, the price of General Mills, Inc. (NYSE:GIS) has declined 10.63% since September 19, 2016 and is downtrending. Schwartz Investment Counsel Inc, a Michigan-based fund reported 787,100 shares.

Acting as the core component for the financial analysis and forecasting price variations, the company clutches a market price of 55.8 with a change in price of 1.36%. It seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.

Investors sentiment increased to 1 in 2016 Q4. Its up 0.10, from 0.9 in 2016Q3. American Century Companies Inc. boosted its position in shares of General Mills by 7.3% during the second quarter. 78 funds opened positions while 323 raised stakes. The stock exchanged hands with 4,519,480 numbers of shares compared to its average daily volume of 4.00M shares. The legal version of this piece of content can be read at (NYSE:GIS) has "Sell" rating given on Tuesday, May 24 by Goldman Sachs. However, General Mills' shares have underperformed the industry so far this year. (NYSE:GIS) for 6,119 shares. Horizon Invests Lc holds 9,288 shares.

According to Zacks, "General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth". (NYSE:GIS). Old Natl Comml Bank In holds 0.15% or 43,640 shares. Institutional investors own 69.38% of the company's stock. (NYSE:GIS) rating on Tuesday, July 21.

General Mills, Inc. has an EPS of * 2.77, revealing the EPS growth this year at * -0.10%. (NYSE:GIS). Cardinal Cap holds 1.21% or 182,849 shares. VFC's profit will be $440.90 million for 13.86 P/E if the $1.12 EPS becomes a reality. Brown Advisory accumulated 54,855 shares or 0.01% of the stock. Fukoku Mutual Life Insurance Company holds 3,900 shares or 0.04% of its portfolio.

Many analysts have provided their estimated foresights on General Mills, Inc. ( NYSE:GIS ), the USA global producer and marketer of branded consumer foods that are sold through retail stores, will release the financial figures for the first quarter of fiscal 2018 before the New York Stock Exchange opens September 20. They expect $0.77 earnings per share, down 1.28% or $0.01 from last year's $0.78 per share. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by $0.01. Schroder Investment Management Group lifted its stake in shares of General Mills by 17.0% during the first quarter. Therefore 6% are positive. General Mills Inc. has $73 highest and $5500 lowest target. The Weekly and Monthly Volatility stands at 1.38% and 1.48%.

06/19/2017 - General Mills, Inc. had its "underweight" rating reiterated by analysts at Piper Jaffray. The market capitalization of the company is at $32.07 Billion. Vetr upgraded General Mills from a "hold" rating to a "buy" rating and set a $57.82 target price on the stock in a research note on Tuesday, June 27th. The rating was maintained by Morgan Stanley on Thursday, July 14 with "Equalweight". The firm earned "Hold" rating on Wednesday, June 21 by UBS. Bank of America downgraded the stock to "Underperform" rating in Thursday, September 15 report. The rating was maintained by RBC Capital Markets on Thursday, June 29 with "Sector Perform". RBC Capital Markets maintained it with "Outperform" rating and $70 target in Friday, June 17 report. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock.

Like this


20 September 2017
Validus Holdings, Ltd. (NYSE:VR) Rating Increased to Buy at ValuEngine
The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) earned "Hold" rating by Societe Generale on Thursday, October 20.

20 September 2017
How Long Have Josh Duhamel & Fergie Been Separated?!?
This weekend, the 42-year-old "M.I.L.F. $" singer took the stage at Rock in Rio, and she looked downright sexy for the big performance.

20 September 2017
No injuries in explosion that levels Detroit motorcycle club
A number of cars in the parking lot next door at the Detroit City Auto Repair were also damaged. No one was inside the building at the time of the explosion, and no injuries were reported.

20 September 2017
Ryan To GOP: Tax Reform is "Crown Issue"
After Sept 30, procedural rules would require a 60-vote threshold for such bills instead of a simple 51-vote majority. On Tuesday, Pence left his United Nations meetings in NY to attend the Senate Republican policy lunch in Washington .

20 September 2017
Jai Lava Kusa, The Biggest After Baahubali
In fact, the actor even stated that just like the audience, it was the dark character Jai who was his favourite too. The excitement around the film shot up after the promo video of the song titled Swing Zara was released.

20 September 2017
Shocking video of a nanny torturing a baby!
The nanny was seen throwing the baby into its cot, then later lifting it out with just one leg like a rag doll. That's when I made a decision to install cameras, so that I could see what was happening when I'm not at home.

20 September 2017
Russian Diplomat Claims Tillerson, Lavrov Meeting is a 'Positive Sign'
Russian Federation and China have pushed back against USA demands for the two to take "direct action" against Pyongyang. Tillerson said the United Nations sanctions are created to prod the regime to come forward for talks.

20 September 2017
Meizu M6 arrives with octa-core CPU, 5.2-inch display
A sheet of 2.5D curved glass is applied on top of the Meizu M6's display, and the phone's display has been fully laminated. It is powered by a 64-bit octa-core MediaTek MT6750 SoC, and the internal storage can be expanded using a microSD card.

20 September 2017
Sushant Singh Rajput to play The Great Khali in the wrestler's biopic
While the actor is now shooting for his next Chandamama Door Ke , he already has another film Drive under his belt. What do you folks think about Sushant taking up this role?

20 September 2017
Rohingyas pose security threat: Govt to apex court
The immigrants also challenged their deportation on grounds of violation of global human rights conventions. Sumitra Mahajan has said the nation was not ready to accept the burden of Rohingyas.