Economy

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 https://stocknewstimes.com/2017/09/18/exxonmobil-investment-management-inc-tx-sells-18183-shares-of-general-mills-inc-gis.html. (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.



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