Company Update (NYSE:GIS): General Mills Big G Cereals Share Many Reasons to Celebrate #NationalCerealDay

[PR Newswire] – Now, thanks to General Mills, there are more reasons than ever to love cereal and celebrate this year’s National Cereal Day on Monday, March 7. To inspire coast-to-coast celebrations on the unofficial holiday, General Mills partnered with Food Network’s Chef Justin Warner who developed customized spoon-worthy, cereal-infused recipes. For details on how to plan a family-friendly #NationalCerealDay party complete with Chef Warner’s recipes for Trix Sunrise Chill Pie, Fruity Cheerios Coladas and Cocoa Puffs Beets, visit: A Taste of General Mills. Read more on this. General Mills, Inc. (GIS) , with a current market cap of $34.82B, opened this morning at $58.93. During the trading session, GIS traded between $58.67 to $58.96 with a trailing 52-week range being $47.50 to $60.18. GIS shares are currently priced at 20.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.43x earnings multiple for the same period. The company pays shareholders $1.76 per share annually in dividends, yielding 2.93%. According to a consensus of 15 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 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. 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 is $58.63, which is 0.51% below where the stock opened this morning. See more in (NYSE:GIS) Similar Articles: Stock Update: General Mills Inc (NYSE:GIS) – General Mills Celebrates 150 Years of Innovation, Invention, Food and Fun Company Update: General Mills Inc (NYSE:GIS) – Morning Briefing on Processed & Packaged Goods Stocks — General Mills, ConAgra Foods, Campbell Soup, and Keurig Green Mountain Market Update: General Mills Inc (NYSE:GIS) – What to Expect When General Mills (GIS) Reports Earnings Next Week