General Mills Sounds Inflation Alarm for Food Industry

General Mills Sounds Inflation Alarm for Food Industry

The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The company is now pursuing several initiatives focused on improving operational efficiency to generate cost savings and support its key growth strategies. The company is now pursuing several initiatives focused on improving operational efficiency to generate cost savings and support its key growth strategies. That said, slowing organic volumes are overshadowing minor improvements in profit margins. The Company's U.S. Retail segment reflects business with a range of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers operating throughout the United States.

Packaged-food companies already are struggling to respond to a shift in consumer preferences toward healthier, simpler foods.

A number of equities research analysts have issued reports on GIS shares. Wells Fargo upgraded shares of General Mills from a "market perform" rating to an "outperform" rating and set a $63.00 price objective for the company in a research report on Monday, December 18th. Argus reissued a hold rating on shares of General Mills in a research report on Wednesday, December 27th. Credit Suisse Group set a $60.00 target price on shares of General Mills and gave the company a hold rating in a research report on Thursday, December 21st. The forecast of 2 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The stock now has a consensus rating of Hold and a consensus price target of $57.21. The return on equity ratio or ROE stands at 4.3 percent while most common profitability ratio return on investment (ROI) was 0 percent. General Mills has a 12-month low of $45.04 and a 12-month high of $60.69.

Currently, the stock carries a price to earnings ratio of 18.28, a price to book ratio of 6.74, and a price to sales ratio of 1.84.

General Mills, Inc. (GIS) failed to surprise the stock market in its last reported earnings when it earned $0.82 a piece versus the consensus-estimated $0.82.

CareTrust REIT, Inc. (NASDAQ:CTRE)'s earnings per share has been growing at a 135 percent rate over the past 5 year when average revenue increase was noted as 25.9 percent. The company had revenue of $4.20 billion during the quarter, compared to analysts' expectations of $4.08 billion.

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General Mills announced that its Board of Directors has approved a share buyback program on Friday, February 23rd that allows the company to buyback outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a $0.49 dividend. In last 4 months performance of PTI was 3.41% while its price to sale ratio is 31.30 and price to book ratio is 1.98. The ex-dividend date of this dividend is Monday, April 9th. General Mills's payout ratio is 71.79%. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -9.22%, and has a solid year to date (YTD) performance of -15.79% which means that the stock is constantly adding to its value from the previous fiscal year end price. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The company stock experienced a -0.56% move to arrive at $49.93. Trust Co boosted its holdings in shares of General Mills by 17.3% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company's stock worth $127,000 after acquiring an additional 1,878 shares during the period. Hedge funds and other institutional investors own 74.20% of the company's stock.

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GIS is a leading manufacturer and marketer of branded consumer foods sold through retail stores.

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