General Mills, Inc. (GIS) has been a topic of several recent developments. Capital Investment Advisors and SG Americas Securities have both lessened their stock positions in the company. Meanwhile, Atlas Private Wealth Advisors and DNB Asset Management have acquired General Mills shares. Unexpectedly, the company’s stock traded lower despite beating Q4 earnings. Over the past five years, General Mills' earnings growth has lagged behind its shareholder returns. The company is advancing its Accelerate Strategy and has expanded its Pet Food Portfolio through the acquisition of Edgard & Cooper. Several hedge funds have shown bullish sentiment towards the pizza stock. Despite a US$1.2b market cap drop, Wall Street expects General Mills to beat earnings estimates again. However, the company has faced criticism for perceived high levels of debt. In their latest earnings report, key quarterly highlights showed a growth in Return on Capital Employed (ROCE), possibly indicating a trend of momentum returns. Negative points for the company include lawsuits alleging high lead levels in their Cocoa Puffs cereal and reports of Q4 sales dropping 6% year on year. The company has also reaffirmed its guidance.
General Mills GIS News Analytics from Wed, 20 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 15:58:39 GMT -
Rating 2
- Innovation -3
- Information 6
- Rumor -4
