Revenue Update on General Mills(NYSE:GIS)

General Mills(NYSE:GIS) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $3.793B. Analysts estimated a revenue of $3.840B. The revenues were -1.22% below the estimates. Earnings per share were $0.72. The reported EPS was above estimates by 1.41%. Analysts had estimated an EPS of $0.71.

In a different note, Deutsche Bank said it Initiates Coverage On General Mills, according to a research note issued on Feb 15, 2017. The shares have been rated ‘Hold’ by the firm.

General Mills (GIS) shares turned negative on Fridays trading session with the shares closing down -0.21 points or -0.35% at a volume of 30,70,851. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.75. The peak price level was also seen at $59.75 while the days lowest was $59.01. Finally the shares closed at $59.16. The 52-week high of the shares is $72.95 while the 52-week low is $58.59. According to the latest information available, the market cap of the company is $34,084 M.

Several Insider Transactions has been reported to the SEC. On Jan 13, 2017, Robert L Ryan (director) sold 20,000 shares at $60.83 per share price.Also, On Aug 22, 2016, Michael D Rose (director) sold 10,000 shares at $71.11 per share price.On Aug 16, 2016, John R Church (Executive Vice President) sold 99,373 shares at $71.09 per share price, according to the Form-4 filing with the securities and exchange commission.

General Mills Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail International and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals including meal kits ethnic meals pizza soup side dish mixes frozen breakfast and frozen entrees; snacks including grain fruit and savory snacks nutrition bars and frozen hot snacks; yogurt and super-premium ice cream. The Company’s other product categories include baking mixes and ingredients; refrigerated and frozen dough and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.

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