General Mills (GIS) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $64 . RBC Capital Mkts advised their investors in a research report released on Jun 17, 2016.
Many Wall Street Analysts have commented on General Mills. Goldman Downgraded General Mills on May 24, 2016 to ” Sell”, Price Target of the shares are set at $58.Company shares were Reiterated by Stifel on Mar 24, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $61 .
On the company’s financial health, General Mills reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.62. The company had revenue of $4002.40 million for the quarter, compared to analysts expectations of $4083.56 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.
General Mills closed down -0.15 points or -0.23% at $64.89 with 20,42,380 shares getting traded on Wednesday. Post opening the session at $64.97, the shares hit an intraday low of $64.71 and an intraday high of $65.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 13, 2016, Donal L Mulligan (Executive Vice President) sold 45,968 shares at $64.50 per share price. According to the SEC, on Apr 7, 2016, Dorothy A Terrell (director) sold 10,280 shares at $64.51 per share price. On Apr 6, 2016, John R Church (Executive Vice President) sold 78,673 shares at $64.85 per share price, according to the Form-4 filing with the securities and exchange commission.
General Mills Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail International and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals including meal kits ethnic meals pizza soup side dish mixes frozen breakfast and frozen entrees; snacks including grain fruit and savory snacks nutrition bars and frozen hot snacks; yogurt and super-premium ice cream. The Company’s other product categories include baking mixes and ingredients; refrigerated and frozen dough and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.