Company Update (NYSE:GIS): Seven Updated General Mills Cereal Recipes Now Available on Store Shelves Nationwide

[PR Newswire] – MINNEAPOLIS, Jan. 19, 2016 /PRNewswire/ — As part of a commitment to remove artificial flavors and colors from artificial sources from all of its cereals by the end of 2017, General Mills is releasing its first wave of new cereal recipes, which includes Trix, Reese’s Puffs, Cocoa Puffs, Golden Grahams, Chocolate Cheerios, Frosted Cheerios and Fruity Cheerios. The family favorites are now available in the cereal aisle at local retailers nationwide and highlight no high fructose corn syrup and no artificial flavors and colors from artificial sources on the front of each box. The seven updated cereal recipes arrive on store shelves as the new 2015 Dietary Guidelines outline a growing need for consumers to add more whole grains in their diet, an area General Mills Big G cereals has been working on since 2005. Read more on this. General Mills, Inc. (GIS) , valued at $32.80B, started the session at $55.31. During today’s session, GIS traded between $55.16 to $55.63 and has traded between $47.50 and $59.87 over the past year. GIS shares are currently priced at 19.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.45x earnings multiple. The company pays shareholders $1.76 per share in dividend income per year, for a current yield of 3.18%. 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. The full-year EPS estimate is $2.86 which would be a $0.00 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.09 Billion. If reported, that would be a 5.98% decrease over the year-ago quarter. In terms of ratings, Susquehanna Initiated GIS at Neutral (Oct 27, 2015). Previously, Morgan Stanley upgraded GIS from Underweight to Equal-Weight. Given all the information above, we should disclose to readers that the average price target is $58.53, which is 5.82% above than it opened this morning. See more in (NYSE:GIS) Similar Articles: Market Update (NYSE:GIS): General Mills Issues Voluntary Class I Recall Of Cheerios And Honey Nut Cheerios Cereal Produced At Its Lodi, California Location On Certain Dates 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