General Mills Stock News

As volatility grasps Wall Street, investors are looking for solid entry points into the market.

https://www.investing.com/analysis/general-mills-weak-earnings-growth-may-hamper-longer-term-valuation-200619071

General Mills found using ticker (GIS) now have 18 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 74 and 52 and has a mean target at 66.01. Now with the previous closing price of 67.43 this indicates there is a potential downside of -2.1%. The day 50 moving average is 67.89 while the 200 day moving average is 62.77. The market capitalisation for the company is $40,306m. Company Website: https://www.generalmills.com [stock_market_widget type="chart" template="basic" color="green" assets=GIS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $39,457m based on the market concensus. General Mills manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Could consumer staples stocks be the safe haven for investors today?

A key ingredient in bread, cereal and baked goods is facing the prospect of supply disruptions as Russia barrels down on Ukraine. Why it matters: Russia and Ukraine were two of the top five largest exporters of wheat before the pandemic, leading experts to fear that a war could disrupt supplies at a time when the market for the agricultural commodity is already stressed. "A prolonged conflict would create bread shortages [and increase consumer prices] this fall," Alan Holland, CEO of sourcing technology company Keelvar, told CNBC. The big picture: Global wheat supplies plunged to a five-year low in 2021, while prices hit an all-time high, according to the U.S. Department of Agriculture . Poor growing conditions in the Northern Hemisphere have strained wheat markets in recent years. Threat level: General Mills — the maker of Wheaties cereal — warned Tuesday that it has been facing "acute supply shortages on its refrigerated dough, pizza and hot snacks," though it did not specify whether wheat was a primary reason.

Within the last quarter, General Mills (NYSE: GIS ) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 1 1 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 1 1 0 In the last 3 months, 4 analysts have offered 12-month price targets for General Mills. The company has an average price target of $67.0 with a high of $74.00 and a low of $56.00. Below is a summary of how these 4 analysts rated General Mills over the … Full story available on Benzinga.com

General Mills with ticker code (GIS) have now 18 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 74 and 52 with a mean TP of 65.89. Now with the previous closing price of 68.15 this indicates there is a potential downside of -3.3%. The 50 day MA is 67.81 and the 200 moving average now moves to 62.69. The market cap for the company is $40,620m. Visit the company website at: https://www.generalmills.com [stock_market_widget type="chart" template="basic" color="green" assets=GIS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $39,273m based on the market concensus. General Mills manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

General Mills Inc. said early Tuesday that supply chain challenges will impact the third quarter, though the food company reaffirmed its full-year guidance. General Mills expects a 2022 organic net sales increase of 4% to 5%. The FactSet consensus is for $18.827 billion, implying 3.9% growth. "The company added that it expects second-half earnings results to be more heavily weighted to the fourth quarter than previously expected, driven by recent acute supply shortages on its refrigerated dough, pizza, and hot snacks platforms in North America," the company said in a statement prepared for the Consumer Analyst Group of New York 2022 conference. Organic net sales growth for the third quarter is expected to be 2% to 3%. The FactSet consensus is for $4.613, suggesting growth of 2.1%. The company also announced a reorganization Tuesday morning, as part of its Accelerate business growth strategy. The food company has created a Strategy & Growth organization that will encompass mergers and acquisitions, consumer insights and other areas.

General Mills (GIS) said it will highlight today at the Consumer Analyst Group of New York Conference its progress in advancing its Accelerate strategy. Read more.

SCOTTSDALE, Ariz. , Feb. 16, 2022 /PRNewswire/ -- Get a head start on St. Patrick''s Day celebrations this year with the return of a fan-favorite. We''re feeling lucky to feature Lucky Charms™ Ice Cream in an eye-catching Creation™ and Shake beginning February 16 at Cold Stone Creamery® ( www.ColdStoneCreamery.com ). It''s back! Lucky Charms™ Ice Cream has returned to Cold Stone Creamery stores nationwide until March 31 . Our Ice Cream at the End of the Rainbow™ Creation features Lucky Charms™ Ice Cream mixed with double the Lucky Charms™ Marshmallows, Whipped Topping and Gold Glitter. Additionally, Cold Stone Creamery® is offering green waffle cones and bowls to complete your Lucky Creations™. And every leprechaun will love our Sprinkled with Charms™ Shake, made with Lucky Charms™ Ice Cream and topped with Whipped Topping, Gold Glitter and Lucky Charms™ Marshmallows. Cold Stone Creamery Ice Cream and Lucky Charms cereal define childhood magic and we couldn''t be luckier to work with General Mills again this year to bring smiles to your table with the nostalgia of this limited time flavor," …

General Mills, Target, and LVMH are all great evergreen plays.

On CNBC’s “ Halftime Report Final Trades ,” Joseph Terranova of Virtus Investment Partners said that Deere & Company (NYSE: DE ) is like the Tesla Inc (NASDAQ: TSLA ) of farming. The company is scheduled to report earnings this week. “Autonomous tractors, they’re coming,” he added. Stephen Weiss of Short … Full story available on Benzinga.com

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The "Halftime Report" traders give their top picks to watch for the second half.