Company Update: General Mills Inc (NYSE:GIS) – Morning Briefing on Processed & Packaged Goods Stocks — General Mills, ConAgra Foods, Campbell Soup, and Keurig Green Mountain

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 26, 2016 / Park Lane Advisor has initiated coverage on the following equities: General Mills Inc. (NYSE: GIS), ConAgra Foods Inc. (NYSE: CAG), Campbell Soup Company … Read more on this. General Mills, Inc. (GIS) , currently valued at $32.88B, opened this morning at $54.86. Today’s price range has been between $54.86 and $55.48 per share with its 52-week range being $47.50 to $59.87. Priced at 19.16x this year’s forecasted earnings, GIS shares are relatively expensive compared to the industry ’s 14.45x forward p/e ratio. And for passive income investors, the company pays shareholders $1.76 per share annually in dividends, yielding 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 based on a consensus revenue forecast of the current quarter of $4.09 Billion. If realized, that would be a 5.98% 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 $58.53, which is 6.69% 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 Market Update: General Mills Inc (NYSE:GIS) – What to Expect When General Mills (GIS) Reports Earnings Next Week Market Update (NYSE:GIS): General Mills To Sell Green Giant To B&G Foods