General Mills (NYSE:GIS) announced a quarterly dividend on Tuesday, March 11th, ARN reports. Investors of record on Thursday, April 10th will be paid a dividend of 0.41 per share on Thursday, May 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.23%.
A number of research firms have recently commented on GIS. Analysts at JPMorgan Chase & Co. raised their price target on shares of General Mills from $49.00 to $50.00 in a research note on Monday. They now have a “neutral” rating on the stock. On a related note, analysts at Credit Agricole downgraded shares of General Mills from an “outperform” rating to an “underperform” rating in a research note on Monday. Finally, analysts at Societe Generale initiated coverage on shares of General Mills in a research note on Friday, January 31st. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.00.
General Mills (NYSE:GIS) traded up 0.57% during mid-day trading on Tuesday, hitting $50.74. The stock had a trading volume of 2,281,071 shares. General Mills has a 1-year low of $45.51 and a 1-year high of $53.07. The stock’s 50-day moving average is $49.08 and its 200-day moving average is $49.39. The company has a market cap of $31.689 billion and a P/E ratio of 18.78.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.88 by $0.05. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter last year, the company posted $0.86 earnings per share. General Mills’s revenue was down .1% compared to the same quarter last year. On average, analysts predict that General Mills will post $2.87 earnings per share for the current fiscal year.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.
This article (General Mills Inc. Announces Quarterly Dividend of $0.41 (GIS)) was originally developed by and is property of American Banking News.
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