The Summit Global Investments Purchases Shares of 86160 General Mills, Inc. (GIS)

General Mills earnings topped views on cost-cutting efforts but sales fell more than expected

General Mills is expected to earn $0.71/share on $3.82 billion in revenue. Total debt to equity ratio of the company for most recent quarter is 2.27 while Long term debt to equity ratio for same time period is 1.56. Sowell Financial Services LLC bought a new stake in shares of General Mills during the fourth quarter worth about $715,000. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 22.58.

06/06/2016 - Portland General Electric Company was downgraded to "sell" by analysts at Goldman Sachs. Piershale Financial Group Inc. increased its stake in General Mills by 0.7% in the third quarter. Performance week shows a value of 0.15%, and the Performance for the Month is valued at -4.00%. Royal Bank of Canada reissued a "hold" rating on shares of General Mills in a report on Sunday, March 12th.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in General Mills, Inc. (NYSE:GIS) opened at 60.66 on Friday.

General Mills, Inc. (NYSE:GIS)'s growth estimate is 9.2 percent for the current quarter. The company's 50-day moving average is $61.33 and its 200 day moving average is $62.51.

12/27/2016-Wells Fargo & Co Reiterated Rating of Market Perform.

General Mills (NYSE:GIS) last issued its earnings results on Tuesday, December 20th.

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In the trailing 12 months period, return on assets ratio of the Company was 7.50% and return on equity ratio was 34.50% while its return on investment ratio was 14.60%. The growth estimate for the next quarter is 9.1 percent. General Mills had a net margin of 10.23% and a return on equity of 35.10%.

For the past 5 years, The Dow Chemical Company's EPS growth has been almost 11.5%. They issued a "hold" rating and a $61.00 target price for the company.

On 9/29/2015 General Mills announced a quarterly dividend of $0.44 3.14% with an ex dividend date of 10/7/2015 which will be payable on 11/2/2015. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.17%. Eventually, General Mills, Inc.

A number of hedge funds have recently modified their holdings of the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Deutsche Bank AG initiated coverage on shares of General Mills in a research report on Wednesday, February 15th.

On 8/15/2016 John R Church, Insider, sold 99,373 with an average share price of $71.17 per share and the total transaction amounting to $7,072,376.41. Post-earnings, GIS stock ranged between $64.79 and $65.57 after opening the day (09/22/2016) at $65.26. Sell-side analysts have also provided a consensus recommendation of 2.80 on company shares. The company now has a consensus rating of "Hold" and an average price target of $66.35. The stock's average target of $33.25 is -21.76% below today's ($42.5) share price. Following the sale, the director now directly owns 54,676 shares of the company's stock, valued at approximately $3,325,941.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The Company's U.S. Retail segment reflects business with a range of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers operating throughout the United States. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries.

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