Stock Update: General Mills Inc (NYSE:GIS) – General Mills Celebrates 150 Years of Innovation, Invention, Food and Fun

[PR Newswire] – MINNEAPOLIS, Feb. 10, 2016 /PRNewswire/ — General Mills announces its 150 th birthday today with plans for a year-long celebration. To celebrate its impact on a century and a half of food around the world, … Read more on this. General Mills, Inc. (GIS) , currently valued at $33.61B, started trading this morning at $56.16. Today, shares have traded between $56.04 and $57.01 per share with the price of the stock fluctuating between $47.50 to $59.87 over the last 52 weeks. GIS shares are currently priced at 19.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.29x earnings multiple for the same period. And for 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 $2.85, which would be a $0.01 better than last year. 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. With the above information in mind, readers should note that the average price target is $58.53, which is 4.22% above where the stock opened this morning. 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