General Mills (GIS) Raises Quarterly Dividend 0% to $0.48; 2.9% Yield
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Go back to General Mills (GIS) Raises Quarterly Dividend 0% to $0.48; 2.9% Yield
June 30, 2016 7:06 AM EDT
RBC 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
June 29, 2016 7:52 AM EDT
General 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
