General Mills Inc.<\/strong> (NYSE:GIS) has been the focus of several key developments in the market recently. Multiple stakeholders, including Daiwa Securities Group Inc., HighTower Advisors LLC, and Amundi have enlarged their stakes, while Candriam S.C.A. and Zurcher Kantonalbank Zurich Cantonalbank sold a substantial quota of their shares. The company signposted Q3 earnings<\/strong> and modified its price target<\/strong> multiple times, making the market expectant. Jim Cramer<\/strong> proposed a merger with Conagra that generated some buzz. The company welcomed new investments from firms such as Alpine Woods Capital Investors LLC, JPL Wealth Management LLC, Lifeworks Advisors LLC, and others. The company Senior Executive, Jon Nudi, announced his retirement while new strategic moves and market outlook, including a pet food acquisition, were reported. However, these did not translate into significant gains for GIS shareholders. The company's CEO, Jeffrey L. Harmening, sold a considerable number of shares. The company is planning to extend its dividend streak of 126 years. Inflation and diminished profit outlooks caused some struggles along with lower than expected refrigerated-dough sales. The company also sold its yogurt business.
General Mills GIS News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Sat, 15 Mar 2025 22:01:52 GMT -
Rating 4
- Innovation 0
- Information 7
- Rumor -4
