Market Update (NYSE:GIS): General Mills Elects Maria Henry To Its Board Of Directors

[PR Newswire] – MINNEAPOLIS, March 8, 2016 /PRNewswire/ — General Mills (NYSE: GIS) today elected Maria G. Henry to its board of directors effective June 1, 2016. Ms. Henry currently serves as Senior Vice President and … Read more on this. General Mills, Inc. (GIS) , currently valued at $35.57B, started the session at $59.33. Today, shares have traded between $59.22 and $60.10 per share and has traded between $47.50 and $60.24 over the past year. GIS shares are currently priced at 20.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.38x forward p/e ratio. And for income investors, the company pays shareholders $1.76 per share annually in dividends, yielding 2.92%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.86, which would be a $0.00 worse when compared to the last year’s annual results. 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. More recently, Susquehanna Initiated GIS at Neutral (Oct 27, 2015). Previously, Morgan Stanley upgraded GIS from Underweight to Equal-Weight. When considering if perhaps the stock is under or overvalued, the average price target is $58.63, which is 1.18% below where the stock opened this morning. See more in (NYSE:GIS) Similar Articles: Market Update (NYSE:GIS): General Mills Elects Two New Board Members Market Update: General Mills Inc (NYSE:GIS) – SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of General Mills, Inc. Market Update: General Mills Inc (NYSE:GIS) – What to Expect When General Mills (GIS) Reports Earnings Next Week