RBC Capital Raises Price Target on General Mills (GIS) to $73 Following 4Q

Notable 52-Week Highs and Lows 6/29: (TSRO) (GIS) (GFI) High; (LPCN) (RITT) (BW) Low

June 29, 2016 3:06 PM EDT

52-Week High:TESARO, Inc. (Nasdaq: TSRO) $80.69. TESARO announced that the Phase 3 NOVA trial of niraparib successfully achieved its primary endpoint of progression-free survival (PFS). This trial demonstrated that niraparib significantly prolonged PFS compared to control among patients who are germline BRCA mutation (gBRCAmut) carriers, among patients who are not germline BRCA mutation (non-gBRCAmut) carriers but who have homologous recombination deficient (HRD) tumors as determined by the Myriad myChoice® HRD test, and overall in patients who are not germline BRCA mutation... More

General Mills (GIS) volatility decreases as shares on Q4 and outlook

June 29, 2016 9:40 AM EDT

General Mills (NYSE: GIS) is recently up on better than expected Q4 EPS and sees FY18 adjusted EPS growth in low double-digits July call option implied volatility is at 19, August is at 18; compared to its 52-week range of 15 to 29.

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General Mills (GIS) Raises Quarterly Dividend 0% to $0.48; 2.9% Yield

June 29, 2016 8:28 AM EDT

In 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 quarterly profit beats estimates as costs fall

June 29, 2016 8:08 AM EDT

By Melissa Fares

(Reuters) - General Mills Inc (NYSE: GIS) on Wednesday reported a better-than-expected quarterly profit, helped by cost cuts and higher demand in markets outside the United States, and company executives said its pivot toward brands aimed at health-conscious consumers was paying off.

The maker of Cheerios cereal and Yoplait yogurt raised its dividend and forecast earnings for the coming year above Wall Street forecasts. Shares shot to a record high $67.42, and are up roughly 19 percent in the past year, while the S&P 500 is little changed in the same... More

General Mills (GIS) Tops Q4 EPS by 6c; Sees FY17 EPS Growth of 6% - 8%

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

Trading Radar for 6/29: General Mills (GIS), Monsanto (MON), Phillips 66 (PSX), EXFO (EXFO) Report

June 28, 2016 2:12 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

8:30am EDT

Personal Income - Street sees... More

General Mills (GIS) volatility flat as shares near record high into Q4 and outlook

June 28, 2016 1:59 PM EDT

General Mills (NYSE: GIS) July call option implied volatility is at 21, August is at 19; compared to its 52-week range of 15 to 29 into the expected release of Q4 results on June 29.

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