General Mills, Inc. (NYSE:GIS) has been downgraded to Underperform in a report by Consumer Edge today.
- Updated: September 20, 2016
Consumer Edge has downgraded General Mills, Inc. (NYSE:GIS) to Underperform in a report released on 9/20/2016.
Only yesterday General Mills, Inc. (NYSE:GIS) traded -0.77% lower at $64.86. GIS’s 50-day average is $69.64 and its two hundred day average is $66.03. The last closing price is down -2.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,321,365 shares of the stock were exchanged, down from an average volume of 3,590,250
With a market cap of $0, General Mills, Inc. has 52 week low of $53.53 and a 52 week high of $72.95 with a P/E ratio of 23.3600 .
Also covering General Mills, Inc.'s price target, a total of 16 firms have reported on the company. The average stock price target is $66.63 with 2 brokers rating the company a strong buy, two equity analysts rating the company a buy, eleven analysts rating the company a hold, 4 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis On General Mills, Inc. (NYSE:GIS)
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products are marketed under various brands, which include Annie's and Betty Crocker. 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. The International segment consists of retail and foodservice businesses outside of the United States. The Convenience Stores and Foodservice segment's product categories include ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes.
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