Goldman Sachs Downgraded General Mills, Inc. (GIS)

General Mills, Inc. (GIS) Cut to Sell at Goldman Sachs

General Mills, Inc. (NYSE:GIS) was downgraded by equities researchers at Goldman Sachs to a “sell” rating in a research note issued on Tuesday.

Shares of General Mills (NYSE:GIS) opened at 62.70 on Tuesday. The stock has a market capitalization of $37.27 billion and a PE ratio of 25.62. The stock’s 50 day moving average is $62.61 and its 200 day moving average is $59.27. General Mills has a 12 month low of $47.50 and a 12 month high of $65.49.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The firm earned $4 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business earned $0.70 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. Analysts anticipate that General Mills will post $2.87 earnings per share for the current fiscal year.

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