General Mills Reports Fiscal 2016 Results With EPS Above Previous Guidance; Increases Margin Expansion Target
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BofA/Merrill Lynch Upgrades General Mills (GIS) to Neutral
June 30, 2016 7:41 AM EDTBofA/Merrill Lynch upgraded General Mills (NYSE: GIS) from Underperform to Neutral.
For an analyst ratings summary and ratings history on General Mills click here. For more ratings news on General Mills click here.
Shares of General Mills closed at $67.86 yesterday.
... MoreRBC Capital Raises Price Target on General Mills (GIS) to $73 Following 4Q
June 30, 2016 7:06 AM EDTRBC Capital reiterated an Outperform rating on General Mills (NYSE: GIS), and raised the price target to $73.00 (from $70.00), following the company's 4Q earnings report.
Analyst David Palmer commented, "We are raising our estimates following a solid fiscal 4Q beat. We also raise... More
General Mills (GIS) Raises Quarterly Dividend 0% to $0.48; 2.9% Yield
June 29, 2016 8:28 AM EDTIn addition to earnings, General Mills (NYSE: GIS) declared a quarterly dividend of $0.48 per share, or $1.92 annualized.
The dividend will be payable on August 1, 2016, to stockholders of record on July 11, 2016, with an ex-dividend date of July 7, 2016.
The annual yield on the... More
General Mills (GIS) Tops Q4 EPS by 6c; Sees FY17 EPS Growth of 6% - 8%
June 29, 2016 7:52 AM EDTGeneral Mills (NYSE: GIS) reported Q4 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $3.93 billion versus the consensus estimate of $3.86 billion.
Update on Cost Savings and Adjusted Operating Profit Margin Targets
With strong savings in fiscal 2016, and visibility to further savings over the next two years, General Mills now expects its previously announced cost-reduction and organizational efficiency initiatives including Projects Century, Catalyst, and Compass, as well as administrative cost reductions delivered through zero-based budgeting to generate total annual savings of... More
