Stock Update (NYSE:GIS): General Mills Elects Jorge A. Uribe To Board Of Directors

[PR Newswire] – MINNEAPOLIS, May 3, 2016 /PRNewswire/ — General Mills (NYSE: GIS) today announced the election of Jorge A. Uribe to its board of directors effective June 1, 2016. Uribe retired in 2015 from his role as … Read more on this. General Mills, Inc. (GIS) , currently valued at $36.64B, began trading this morning at $61.92. During today’s session, GIS traded between $61.47 to $62.20 and has traded between $47.50 and $65.49 over the past year. General Mills (GIS) shares are currently priced at 21.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.06x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.84 per share annually in dividends, yielding 3.00%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.60 per share, which would be $0.15 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.87 which would be a $0.01 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.86 Billion. If realized, that would be a 10.23% decrease over the year-ago quarter. More recently, Susquehanna Initiated GIS at Neutral (Oct 27, 2015). Previously, Morgan Stanley upgraded GIS from Underweight to Equal-Weight. The average price target for GIS shares is $60.19, which is 2.79% below where the stock opened this morning. See more in (NYSE:GIS) Similar Articles: Market Update (NYSE:GIS): General Mills Elects Maria Henry To Its Board Of Directors Stock Update: General Mills Inc (NYSE:GIS) – General Mills Celebrates 150 Years of Innovation, Invention, Food and Fun Market Update (NYSE:GIS): General Mills Elects Two New Board Members