General Mills (GIS) PT Lowered to $49 at BofA/Merrill Lynch Following 3Q
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General Mills (GIS) Announces Proposed Common Share Offering in Connection with Pending Acquisition of Blue Buffalo Pet Products
March 26, 2018 4:21 PM EDTGeneral Mills, Inc. (NYSE: GIS) announced today that it has launched an underwritten public offering (the "Equity Offering") of approximately $1,000,000,000 of shares of its common stock, par value $0.10 per share ("Common Stock"). General Mills intends to grant the underwriters a 30-day option to purchase up to approximately $100... More
General Mills (GIS) PT Lowered to $52 at Susquehanna
March 26, 2018 6:40 AM EDTSusquehanna lowered its price target on General Mills (NYSE: GIS) to $52.00 (from $53.00) while maintaining a Positive rating.
... MoreGeneral Mills (GIS) PT Lowered to $55 at Jefferies; 'Presenting Pro-Forma Model'
March 23, 2018 2:06 AM EDTJefferies lowered its price target on General Mills (NYSE: GIS) to $55.00 (from $63.00) while maintaining a Buy rating.
... MoreGeneral Mills (GIS) PT Lowered to $48 at UBS
March 22, 2018 7:23 AM EDTUBS lowered its price target on General Mills (NYSE: GIS) to $48.00 (from $58.00) while maintaining a Neutral rating.
... MoreGeneral Mills (GIS) PT Lowered to $48 at Barclays; Remains Sidelined
March 22, 2018 7:21 AM EDTBarclays 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
General Mills (GIS) PT Lowered to $49 at Deutsche Bank Following 3Q
March 22, 2018 7:06 AM EDTDeutsche 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
General Mills (GIS): Cost Driven Weakness Is Transitory, Pricing Power Remains - Citi
March 22, 2018 6:35 AM EDTCiti analyst, David Driscoll, reiterated his Buy rating on shares of General Mills (NYSE: GIS) but cut his price target to $61 from $69 after weak margins and a full year EPS guidance cut of -3% was driven by higher than expected cost inflation,
The... More
General Mills (GIS) PT Lowered to $61 at Citi
March 22, 2018 6:30 AM EDTCiti lowered its price target on General Mills (NYSE: GIS) to $61.00 (from $69.00) while maintaining a Buy rating.
... MoreIncreasing unusual put option volume: ARNA GES DRI TNTR ZION GIS NOG
March 22, 2018 5:43 AM EDTIncreasing unusual put option volume: ARNA GES DRI TNTR ZION GIS NOG
... MoreSociete Generale Upgrades General Mills (GIS) to Hold, Says Margin Issues Hide Improving Top-Line Momentum
March 22, 2018 4:26 AM EDTSociete Generale upgraded General Mills (NYSE: GIS) from Sell to Hold with a price target of $48.00.
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 $45.51 yesterday.
... MoreGeneral Mills (GIS) PT Lowered to $51 at BMO Capital; '500 Basis Points of Growth Disappeared in 30 Days'
March 22, 2018 4:10 AM EDTBMO Capital lowered its price target on General Mills (NYSE: GIS) to $51.00 (from $60.00) while maintaining a Market Perform rating.
... MoreGeneral Mills (GIS) PT Lowered to $49 at Piper Jaffray
March 22, 2018 2:18 AM EDTPiper Jaffray lowered its price target on General Mills (NYSE: GIS) to $49.00 (from $59.00) while maintaining a Neutral rating.
... MoreGeneral Mills (GIS) PT Lowered to $48 at Stifel; 'A Discount Valuation Underscoring Investor Frustration'
March 22, 2018 2:11 AM EDTStifel lowered its price target on General Mills (NYSE: GIS) to $48.00 (from $57.00) while maintaining a Hold rating.
... MoreGeneral Mills (GIS) PT Lowered to $51 at Susquehanna; '3Q Margin Pressures Dent Visibility and Credibility'
March 22, 2018 2:06 AM EDTSusquehanna lowered its price target on General Mills (NYSE: GIS) to $51.00 (from $57.00) while maintaining a Neutral rating.
... MorePre-Open Movers 03/21: (PRTA) (PTI) (TEUM) (GIS) (LUV) (JWN) (SRPT)
March 21, 2018 9:13 AM EDTToday's Pre-Open Movers
Prothena Corp. (NASDAQ: PRTA) climbed 19%; announced a global collaboration with Celgene Corporation (NASDAQ: CELG) through a subsidiary, to develop new therapies for a broad range of neurodegenerative diseases.
Proteostasis Therapeutics (NASDAQ: PTI) gained 16%; announced today that it is not proceeding with its proposed public offering of 9,000,000 shares of its common stock in an underwritten public offering previously announced on March 19, 2018. The company believes that current market conditions are not conducive for an offering on terms that would be in... More
Stocks end modestly lower after Fed hikes rates; energy up
March 21, 2018 7:58 AM EDTBy Chuck Mikolajczak
NEW YORK (Reuters) - U.S. stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve raised U.S. interest rates, while a strong gain in the energy space helped limit losses.
The Fed raised interest rates and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening.
The hike was widely expected, and new Fed Chairman Jerome Powell said in a news... More
Kellogg (K) Trades Lower in Sympathy with General Mills (GIS)
March 21, 2018 7:35 AM EDTKellogg (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%
... MoreGeneral Mills cuts profit forecast as freight, commodity costs weigh
March 21, 2018 7:26 AM EDTBy Richa Naidu and Uday Sampath Kumar
(Reuters) - Cheerios cereal maker General Mills Inc (NYSE: GIS) said a sharper-than-expected increase in freight and commodity costs would hurt full-year profit to a greater degree than it forecast just a month ago, driving its shares down more than 10 percent on Wednesday.
The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said full-year segment operating profit would decline by 5 percent to 6 percent, widely below the decline of as much as 1 percent the company said it was expecting in February.
... MoreGeneral Mills (GIS) Tops Q3 EPS by 1c
March 21, 2018 7:02 AM EDTGeneral 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... MoreGeneral Mills (GIS) April 50 straddle priced for move of 6% into Q3
March 20, 2018 2:34 PM EDTGeneral Mills (NYSE: GIS) April 50 straddle priced for move of 6% into Q3
... More