Beyond ensuring that new products are aligned with evolving consumer trends in the face of intense competitive pressures, we still think its tepid sales performance is being hampered by the decision to ratchet back brand marketing-media and advertising spend slipped 8% in the third quarter, following a 20% drop in the second quarter.
Net sales fell 5% to $3.79 billion, lower than analysts' estimates of $3.82 billion. The company's last traded volume of 10.96 million shares as compared to it's an average volume of 2.94 million shares.
If you want a bullish hedged trade on the stock, consider a July 50/55 bull-put credit spread for a 40-cent credit. During the same period in the prior year, the business earned $0.65 EPS. For the last period, the company reported quarter over quarter EPS growth of -7.10% and quarter over quarter sales growth of -7.10%. General Mills, Inc. has a one year low of $58.70 and a one year high of $72.95.
Target prices are used by analysts and brokers in reports to show how they anticipate a share in a particular firm to perform.
General Mills, Inc. (NYSE:GIS) Price to Earnings (P/E) ratio is 22.58. Following the completion of the transaction, the director now directly owns 54,676 shares of the company's stock, valued at approximately $3,325,941.08.
Finally to see some strong financial remarks by WSJ over GIS performance. State Street Corp is the second biggest holder with 37 million shares now valued at 2.26 B million whilst BlackRock Fund Advisors has 24 million shares valued at 1.54 B million. For trailing twelve months, GIS attains gross profit margin of 35.60% and operating margin stands at 15.90% that is showing consistency of trends in firm's earnings. Analysts mean target price for CBRE Group, Inc.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Monday, April 10th will be given a $0.48 dividend.
On 9/27/2016 General Mills announced a quarterly dividend of $0.48 3% with an ex dividend date of 10/5/2016 which will be payable on 11/1/2016. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.08. Price targets frequently change, depending on the outlook for a company's earnings. Royal Bank of Canada reiterated a "hold" rating on shares of General Mills in a research note on Sunday, March 12th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. The company reported its last quarter on Nov 16.
The Stock now has the market capitalization of $34.95 Billion, P/E (price to earnings ttm) of 22.43 and Weekly volatility of 1.04% and monthly volatility of 1.22% respectively.
On Tuesday, the maker of Cheerios cereal and Yoplait yogurt reported sales declines across all major segments in the key US market, led by the decline for yogurt though sales were also weaker for cereal, snacks, and meals & baking. The company's core brands like Big G cereals, Betty Crocker and Hamburger Helper dinner mixes, Pillsbury refrigerated dough products, Progresso soups and Yoplait yogurt enjoy leading positions in attractive food categories.