General Mills Reports Fiscal 2018 Third-quarter Results
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March 22, 2018 7:56 AM EDT
BofA/Merrill Lynch lowered its price target on General Mills (NYSE: GIS) to $49.00 (from $57.00) while maintaining a Neutral rating following the company's 3Q earnings report. Analyst Bryan Spillane believes that results and guidance were disappointing despite organic sales growth being largely in-line with our... More
March 22, 2018 7:21 AM EDT
Barclays lowered its price target on General Mills (NYSE: GIS) to $48.00 (from $55.00) while maintaining a Equalweight rating following the company's 3Q.
Barclays lowered 2018 EPS estimates from $3.21 to $3.12, based on the higher commodity and supply chain costs. Barclays continues to look for... More
March 22, 2018 7:06 AM EDT
Deutsche Bank lowered its price target on General Mills (NYSE: GIS) to $49.00 (from $55.00) while maintaining a Hold rating following the company's 3Q earnings report. General Mills reported Q3 net sales growth of 2.3%, 30 bps ahead of consensus, driven by y/y sales growth in... More
March 21, 2018 7:35 AM EDT
Kellogg (NYSE: K) traded lower pre-market in sympathy with peer General Mills (NYSE: GIS) after General Mills reported Q3 results.
General Mills declined 6.8% and Kellogg traded lower by 1.5%
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March 21, 2018 7:02 AM EDT
General Mills (NYSE: GIS) reported Q3 EPS of $0.79, $0.01 better than the analyst estimate of $0.78. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.78 billion.
Outlook General Mills updated its key full-year fiscal 2018 targets. These targets exclude the impact of the proposed Blue Buffalo acquisition.
Organic net sales are expected to be in line with last year, which is unchanged from previous guidance. This represents a...
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