Date | Price Target | Rating | Analyst |
---|---|---|---|
8/12/2024 | $76.00 | Buy | Goldman |
7/16/2024 | Buy → Hold | Argus | |
5/15/2024 | $62.00 → $70.00 | Underperform → Mkt Perform | Bernstein |
2/1/2024 | $67.00 | Neutral | Citigroup |
12/21/2023 | $74.00 → $72.00 | Sector Perform | RBC Capital Mkts |
9/22/2023 | $74.00 | Hold | HSBC Securities |
9/18/2023 | $71.00 → $69.00 | Neutral | JP Morgan |
9/18/2023 | $88.00 → $77.00 | Overweight | Piper Sandler |
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Argus Research analyst Taylor Conrad downgrades General Mills (NYSE:GIS) from Buy to Hold.
BofA Securities analyst Peter Galbo downgraded the shares of WK Kellogg Co (NYSE:KLG) from Neutral to Underperform and lowered the price target from $24 to $17. Volume trends in the packaged food industry have yet to show any meaningful improvement despite the hopes that lapping SNAP (supplemental nutrition assistance program) and a more promotional environment would lead to a volume lift, said the analyst. Commentary and results from main competitor in U.S. Cereal General Mills Inc (NYSE:GIS) was not constructive with its Cereal business down -4% YoY in its May quarter end, noted the analyst. The analyst expects industry trends to remain sluggish for KLG over the next 12 months un
Mizuho analyst John Baumgartner maintains General Mills (NYSE:GIS) with a Neutral and lowers the price target from $70 to $62.
Billie Jean King paved the way for women — exemplifying what it means to be a trailblazer and Wheaties Champion — both on and off the tennis court. Wheaties announced today its latest limited edition box featuring icon and activist athlete Billie Jean King, a true Wheaties Champion. While this is King's first Wheaties appearance, she's no stranger to firsts on and off the court. She is a highly decorated tennis champion — winning 39 major titles, including a record 20 Wimbledon Championships — and was the first woman athlete to receive the Presidential Medal of Freedom. She's also the first woman to have a sports venue named in her honor, and the first woman to earn over $100,000 in prize
General Mills (NYSE:GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe's leading independent premium pet food brands. With this transaction, the company further advances its Accelerate strategy, including the prioritization of its core markets, global platforms and local gem brands to drive sustainable, profitable growth and top-tier shareholder returns over the long term. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429809015/en/General Mills today announced it has completed the acquisition of Edgard & Cooper, one of Europe's leading independent premium pet food brands. Established in 2
Help catch him before St. Patrick's Day with the leprechaun traps on the back of limited-edition boxes of Lucky Charms, as well as a new "Mouse Trap"-inspired board game St. Patrick's Day is around the corner and our favorite leprechaun is nowhere to be found! For the first time, Lucky has taken his mischievous tricks to the next level and used his charms' powers to disappear from limited-edition boxes of the magically delicious cereal. In an effort to catch the popular leprechaun, Lucky Charms is releasing a line-up of trap-inspired fun to help cereal lovers bring Lucky back to his box. This press release features multimedia. View the full release here: https://www.businesswire.com/news
General Mills Board of Directors Declares Dividend Increase Full Year Highlights Net sales of $19.9 billion decreased 1 percent from the prior year; organic net sales1 were 1 percent below year-ago results that grew double digits Operating profit of $3.4 billion essentially matched year-ago results; adjusted operating profit of $3.6 billion was up 4 percent in constant currency Diluted earnings per share (EPS) of $4.31 essentially matched year-ago results; adjusted diluted EPS of $4.52 was up 6 percent in constant currency Fourth Quarter Highlights Net sales of $4.7 billion decreased 6 percent; organic net sales were also down 6 percent Operating profit of $779 million
Net sales of $5.1 billion were down 1 percent in the third quarter and organic net sales1 were also down 1 percent; on a 2-year compound growth basis, net sales were up 6 percent and organic net sales were up 7 percent Operating profit of $911 million was up 25 percent; adjusted operating profit of $914 million increased 14 percent in constant currency Diluted earnings per share (EPS) of $1.17 were up 27 percent; adjusted diluted EPS of $1.17 increased 22 percent in constant currency Company reaffirms full-year fiscal 2024 outlook ¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release. Gen
Board Declares Quarterly Dividend, Continuing 125th Year of Uninterrupted Dividend Payments General Mills, Inc. (NYSE:GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024. The election of Dorer and Morikis reflects the company's thoughtful approach to board succession and refreshment. As the former Chairman and Chief Executive Officer of The Clorox Company (NYSE:CLX), Dorer brings to the board strong executive leadership experience from a global consumer packaged goods company. Dorer served as Chief Executive Officer of Clorox from 2014 to September 2020, Chairman from 2016 to September 2020 and Executive Chairman from
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Goldman initiated coverage of General Mills with a rating of Buy and set a new price target of $76.00
Argus downgraded General Mills from Buy to Hold
Bernstein upgraded General Mills from Underperform to Mkt Perform and set a new price target of $70.00 from $62.00 previously
General Mills, Inc. (NYSE:GIS) today announced that it has entered into definitive agreements to sell its North American Yogurt business to Lactalis and Sodiaal, two leading French dairy companies, in cash transactions valued at an aggregate $2.1 billion USD. Following the completion of the transactions, the U.S. and Canadian businesses will operate independently, with Lactalis acquiring the U.S. business and Sodiaal acquiring the Canadian business. The proposed transactions are expected to close in calendar 2025, subject to receipt of requisite regulatory approvals and other customary closing conditions. The divestitures encompass the U.S. and Canada operations of several yogurt brands in
Annie's delivers cheesier Mac & Cheese, along with a TikTok effect to drive cheesier smiles at mealtime Get ready to turn every family dinner into a cheesy celebration, because Annie's has officially added MORE real cheese to the famous Mac & Cheese you know and love. Hitting shelves nationwide this month, Annie's Now Cheesier recipe brings a delightful upgrade to its top mac & cheese flavors with even more ooey gooey real cheese that will have everybunny smiling. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910390382/en/Annie's cranks up smiles with the New ‘Now Cheesier' Mac & Cheese Recipe (Photo: Business Wire) Annie's
In conjunction with its participation at the 2024 Barclays Global Consumer Staples Conference, General Mills (NYSE:GIS) provided an update on progress against its three enterprise priorities and reaffirmed its full-year financial outlook for fiscal 2025. "We started fiscal 2025 focused on improving our topline growth by delivering remarkable experiences to consumers," said General Mills Chairman and Chief Executive Officer Jeff Harmening. "And while we still have work to do, we are off to a good start, with sequentially improving retail sales trends across many of our key categories. "As we continue to navigate an evolving operating environment, we remain committed to our key priorities