Falling yogurt sales weigh on General Mills

Jeff Harmening said that topline growth must remain a priority in this fiscal year

This continues to be an interesting story, and we look forward to updating it again soon 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. Zacks' earnings per share averages are a mean average based on a survey of analysts that follow General Mills. The current rate undoubtedly measures the productivity of the firm's investment alongside the indications on the stability of the company's share price.

05/18/2017 - General Mills, Inc. had its "neutral" rating reiterated by analysts at Credit Suisse.

Several analysts recently weighed in on GIS shares. The corporation devours on a price-to-book ratio of 7.47, revealing its asset value weighed up against the market price of its stock. A sell rating on the other hand would be a recommendation to sell the security if now held, and avoid purchasing it on the open market. Finally, BidaskClub raised shares of General Mills from a "hold" rating to a "buy" rating in a research report on Tuesday, August 22nd. (NASDAQ:YTEN) stock price started the day at $3.53 and moved between $3.35 - 3.91 to finally close at $3.64. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. About shares traded. Cherokee Inc (NASDAQ:CHKE) has declined 29.62% since September 20, 2016 and is downtrending. There are brokerage firms with lower targets than the average, including one setting a price target of $30. The firm has a market cap of $31.96 billion, a P/E ratio of 19.99 and a beta of 0.62. During the last 52 weeks, the (NYSE:LB) price has been as high as $75.94 and as low as $35.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 28th. Note, this compares with a consensus analyst forecast of 0.77 in earnings per share for its next fiscal quarterly report. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion.

The Minneapolis-based company, whose brands range from Fiber One to Häagen-Dazs, reported revenue of $3.77 billion in the quarter ended August 31, down from $3.93 billion a year ago. "We're encouraged by the improvement we saw in first-quarter retail sales trends, and we're confident that improved momentum will translate into stronger organic net sales results in the rest of the year, beginning in the second quarter", he said. This was down from $3.91 billion a year ago. Gamco Et Al holds 0.91% of its portfolio in General Mills, Inc. If you are accessing this report on another domain, it was illegally copied and republished in violation of United States and worldwide copyright law. (NYSE:GIS) earned "Hold" rating by Argus Research on Thursday, March 23. However, the stock is trading at -15.54% versus recent highs ($65.57). Callahan Advisors LLC's holdings in General Mills were worth $1,998,000 at the end of the most recent quarter. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.01. Stratos Wealth Partners LTD. raised its holdings in General Mills by 8.2% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company's stock valued at $136,000 after acquiring an additional 69 shares in the last quarter. Smith Salley & Associates raised its holdings in shares of General Mills by 0.8% during the 1st quarter. (GIS) to generate earnings per share of $3.13 in 2017.

A number of other institutional investors also recently made changes to their positions in the stock. RBC Capital Markets upgraded General Mills, Inc.

The company has vowed to fight declining sales by tweaking recipes to remove artificial ingredients and building up its natural-food brands, such as Annie's Homegrown and Lärabar snack bars.



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