General Mills Inc. (NYSE:GIS) has been a focal point for investors as it experiences both gains and losses in stock, while facing a reduced sales forecast due to a slowdown in snacking. The
sales guidance has been cut and according to Jim Cramer; there has been a loss in growth. This has led to a drop in stock and subdued optimism on Wall Street. However, corporate actions suggest a differently toned narrative. Multiple entities such as Arrowstreet Capital Limited Partnership and California Public Employees Retirement System have sold off substantial shares while many entities including
Summit Financial LLC, Norges Bank, and DnB Asset Management have increased holdings. The company's third-quarter results for the fiscal year 2025 were released and subsequently, the company updated its full-year outlook. The company also discussed strategic innovations and market outcomes in their Q3 2025 earnings call. Yet,
General Mills is struggling with inflation, and the company's forecast reveals an upcoming hit to annual sales and profit due to a decrease in snacking demand.
General Mills GIS News Analytics from Tue, 24 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 21:56:01 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor 2
