Market Update (NYSE:GIS): General Mills Elects Two New Board Members

[PR Newswire] – MINNEAPOLIS, Dec. 15, 2015 /PRNewswire/ — General Mills (NYSE: GIS) today elected Roger W. Ferguson Jr., and Eric D. Sprunk to its board of directors. Mr. Ferguson has served as Chief Executive Officer … Read more on this. General Mills, Inc. (GIS) , currently valued at $34.99B, began trading this morning at $58.85. Shares have traded today between $58.19 and $58.91 per share and has traded between $47.50 and $59.87 over the past year. Priced at 19.87x this year’s forecasted earnings, GIS shares are relatively inexpensive compared to the industry’s 26.97x forward p/e ratio. And for income investors, the company pays shareholders $1.76 per share annually in dividends, yielding 3.03%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.83 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $2.94 is a $0.08 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.62 Billion. If realized, that would be a 1.91% decrease over the year-ago quarter. Recently, Morgan Stanley upgraded GIS from Underweight to Equal-Weight (Sep 2, 2015). Previously, RBC Capital Mkts upgraded GIS from Sector Perform to Outperform. The average price target for GIS shares by the analysts covering the stock is $58.50, which is 0.59% below where the stock opened this morning. See more in (NYSE:GIS) Similar Articles: Market Update: General Mills Inc (NYSE:GIS) – SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of General Mills, Inc. Market Update: General Mills Inc (NYSE:GIS) – What to Expect When General Mills (GIS) Reports Earnings Next Week Market Update: General Mills Inc (NYSE:GIS) – General Mills Launches The Good Table, New Sauce and Crust Mix for Family Dinner