Why General Mills Inc. Stock Was Sliding Today

Andrew Cummings
September 20, 2017

The analysts estimated sales for the higher end at 3921 million and lower end at 3755 million.

General Mills (GIS) revealed a profit for first quarter that fell from past year.

Earnings: GIS missed expectations.

Many analysts have provided their estimated foresights on General Mills, Inc. Nordea Inv reported 1.75M shares or 0.29% of all its holdings.

05/18/2017 - General Mills, Inc. had its "neutral" rating reiterated by analysts at Credit Suisse. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and General Mills wasn't one of them! The Highstreet Asset Management Inc holds 10,385 shares with $641,000 value, down from 17,566 last quarter. During the same quarter in the prior year, the firm earned $0.66 EPS. (NYSE:GIS) was the main talking point of investors. Zacks Investment Research cut General Mills from a "hold" rating to a "sell" rating in a report on Wednesday, May 24th. Royal Bank of Canada downgraded General Mills from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $73.00 to $69.00 in a research note on Thursday, December 15th. They set an "underweight" rating and a $57.00 price objective on the stock.

The Stock had a 3.17 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3.15 and 3.15 respectively. On Thursday, March 24 the stock rating was maintained by Citigroup with "Buy". Four investment 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. (NYSE:GIS) has "Hold" rating given on Wednesday, August 2 by RBC Capital Markets.

General Mills shares have fallen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 12 percent.

General Mills, Inc. (NYSE:GIS) has a market cap of $32.07 billion and over the last 12 months, GIS has declined by -15.07%. Crestwood Advsrs Limited Liability Corp has 0.03% invested in General Mills, Inc.

The company declined -1.86% and closed its last trading session at $56.43.

General Mills, Inc. notes that its revenue was down in its fiscal first quarter of 2017 due to declining sales of Yoplait Greek and Yoplait Light products. State of Alaska Department of Revenue now owns 108,700 shares of the company's stock worth $6,021,000 after buying an additional 991 shares in the last quarter. UBS initiated General Mills, Inc. Moreover, Jlb & Associates Inc has 1.69% invested in the company for 148,783 shares. Iowa State Bank increased its stake in General Mills by 0.6% in the 2nd quarter. Grimes & Company Inc., a Massachusetts-based fund reported 195,376 shares.

Analysts expect Yield10 Bioscience, Inc.

Several research analysts have recently commented on GIS shares. If you are accessing this report on another domain, it was illegally copied and republished in violation of U.S. and worldwide copyright law. Korea reported 0.08% in General Mills, Inc. If, for instance, a stock's volumes suddenly increase by a significant amount, it's usually a sign that the level of conviction behind the trade is high. General Mills has a 52-week low of $52.76 and a 52-week high of $65.57.

General Mills, Inc. has a 50 day moving average of 55.75 and a 200 day moving average of 56.75.

Recent trading patterns in the stock of General Mills, Inc. Organic net sales were also down 4% because of volume declines in North American retail, Asia and Latin America.

More than half of North America segment's net sales decline in the quarter was due to a slump in US yogurt sales.

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