Crude Oil Up 2.5%; General Mills Shares Plunge

General Mills pointed to supply-chain and commodity costs

Trustmark Natl Bank Tru Department has invested 0.09% of its portfolio in General Mills, Inc.

GIS has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 1.13.

Other institutional investors and hedge funds have also bought and sold shares of the company.

According to Zacks, "General Mills' shares have outperformed the industry in the last three months". Grove Bank & Trust increased its holdings in shares of General Mills by 322.7% in the 3rd quarter. The business's revenue was up 2.3% compared to the same quarter past year. Albert D Mason Inc. grew its holdings in shares of General Mills by 17.0% in the third quarter. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. Following the completion of the sale, the insider now directly owns 36,089 shares of the company's stock, valued at $2,143,686.60. Advisor Group Inc. now owns 79,871 shares of the company's stock worth $4,136,000 after acquiring an additional 5,472 shares during the period. The latest exchange of 6.36 Million shares is above its average trading activity of 4.35 Million shares. General Mills, Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $60.69.

In the liquidity ratio analysis; current ratio was 0.8 while Total Debt/Equity ratio was 2.3. The stock has a market cap of $28,571.69, a PE ratio of 16.64, a P/E/G ratio of 2.08 and a beta of 0.72.

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General Mills (NYSE:GIS) last issued its quarterly earnings results on Monday, March 19th. The company reported lackluster earnings along with weak guidance. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.87 billion.

They expect $0.79 EPS, up 8.86% or $0.07 from last year's $0.72 per share. Net sales rose 2.3 percent to $3.88 billion. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued. Stockholders of record on Tuesday, April 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, April 9th.

Moreover, Zevin Asset Ltd Liability Com has 0.08% invested in General Mills, Inc. Analyst's mean target price for GIS is $57.61 while analysts mean recommendation is 2.90. Wells Fargo set a $65.00 price objective on General Mills and gave the stock a "buy" rating in a report on Thursday, December 21st. Argus reissued a "hold" rating on shares of General Mills in a research note on Wednesday, December 27th. The stock now has an average rating of "Hold" and an average price target of $57.21. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright law. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & global copyright law.

Harmening, who became General Mills' CEO last June, is hoping the Blue Buffalo deal will boost the company's bottom line by giving it a primary position in the wholesome and natural pet food market, which is growing faster than many of its other products. The firm operates in four divisions: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America.

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