Stock Update (NYSE:GIS): General Mills Acquires EPIC Provisions

[PR Newswire] – MINNEAPOLIS, Jan. 6, 2016 /PRNewswire/ — General Mills, Inc. (NYSE: GIS) said today that it has acquired EPIC Provisions, a rapidly growing, premium meat snacks company based in Austin, Texas. EPIC will … Read more on this. General Mills, Inc. (GIS) , currently valued at $33.85B, started trading this morning at $56.80. A quick look at the market, the company’s stock traded between $56.50 and $57.20 with the price of the stock fluctuating between $47.50 to $59.87 over the last 52 weeks. GIS shares are currently priced at 20.00x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.68x forward p/e ratio. And for income investors, the company pays shareholders $1.76 per share annually in dividends, yielding 3.05%. According to a consensus of 14 analysts, the earnings estimate of $0.62 per share would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.86 would be a $0.00 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.10 Billion. If reported, that would be a 5.75% decrease over the year-ago quarter. Recently, Susquehanna Initiated GIS at Neutral (Oct 27, 2015). Previously, Morgan Stanley upgraded GIS from Underweight to Equal-Weight. The average price target for GIS shares by the analysts covering it is $58.00, which is 2.11% above where the stock opened. See more in (NYSE:GIS) Similar Articles: Stock Update: General Mills Inc (NYSE:GIS) – General Mills voluntarily recalls a limited quantity of frozen Cascadian Farm Cut Green Beans Stock Update: General Mills Inc (NYSE:GIS) – General Mills Reports Fiscal 2016 First-Quarter Results Market Update: General Mills Inc (NYSE:GIS) – What to Expect When General Mills (GIS) Reports Earnings Next Week
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