Revenue Update on General Mills(NYSE:GIS)

General Mills(NYSE:GIS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jun 29, 2016. Company reported revenue of $3.93B. Analysts estimated a revenue of $3.86B. Earnings per share were $0.66. Analysts had estimated an EPS of $0.60.

In a different note, On May 24, 2016, Goldman Sachs said it Downgrades its rating on General Mills. The shares have been rated ‘Sell’ by the firm.

General Mills (GIS) made into the market gainers list on Fridays trading session with the shares advancing 0.87% or 0.62 points. Due to strong positive momentum, the stock ended at $71.94, which is also near the day’s high of $72.19. The stock began the session at $71.19 and the volume stood at 60,75,907 shares. The 52-week high of the shares is $72.19 and the 52 week low is $47.43. The company has a current market capitalization of $42,950 M and it has 59,70,20,910 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Donal L Mulligan (Executive Vice President) sold 45,968 shares at $64.50 per share price.Also, On Apr 7, 2016, Dorothy A Terrell (director) sold 10,280 shares at $64.51 per share price.On Apr 6, 2016, John R Church (Executive Vice President) sold 78,673 shares at $64.85 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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