Today’s Research Reports on Stocks to Watch: McDonald’s and General Mills
NEW YORK, NY / ACCESSWIRE / September 19, 2018 / McDonald’s made headlines on Tuesday as many of its employees hit the streets to protest in various cities across America about sexual harassment at work. Shares of General Mills saw slight losses as the company reported first quarter financial results that missed on sales.
RDI Initiates Coverage on:
McDonald's Corporation
https://rdinvesting.com/news/?ticker=MCD
General Mills, Inc.
https://rdinvesting.com/news/?ticker=GIS
McDonald's Corporation shares were little changed on Tuesday with about 3.7 million shares traded yesterday. The fast food giant made headlines as some of its staff protested against sexual harassment. Employees across the U.S. protested in what organizers referred to as the first multistate strike seeking to combat sexual harassment in the workplace. Several female employees have filed complaints with the Equal Employment Opportunity Commission in May, according to The Associated Press. "We have strong policies, procedures and training in place specifically designed to prevent sexual harassment," McDonald's said in a statement. The company added, "To ensure we are doing all that can be done, we have engaged experts in the areas of prevention and response, including RAINN, to evolve our policies so everyone who works at McDonald’s does so in a secure environment every day. " Protests are demanding that the company require anti-harassment training for managers and employees.
Access RDI’s McDonald's Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MCD
General Mills, Inc. shares closed down 7.62% yesterday on nearly 16.3 million shares traded. The company delivered first-quarter fiscal 2019 results this week. While the company saw an earnings beat, it missed estimates for sales for the third consecutive time. General Mills reported adjusted earnings per share of 71 cents while analysts were only expecting 64 cents. Net sales of $4,094 million was a jump of 9% year over year, but was behind the consensus estimate of $4,120 million. Chairmand and CEO Jeffrey L. Harmening remained optimistic on the earnings call and said, "I'm pleased to say that we're off to a good start in fiscal 2019. We drove organic net sales growth for the fourth consecutive quarter nearly 0.5%, which, in this presentation, rounds down to flat. The Blue Buffalo transition is progressing well, and we continue to expect double-digit top and bottom line growth for that business this year, excluding the acquisition-related charge. First quarter adjusted operating profit and adjusted diluted EPS results finished ahead of our expectations, and we remain on track to deliver our full year fiscal 2019 targets."
Access RDI’s General Mills, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GIS
Our Actionable Research on McDonald's Corporation (NYSE: MCD) and General Mills, Inc. (NYSE: GIS) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
https://www.accesswire.com/512218/Todays-Research-Reports-on-Stocks-to-Watch-McDonalds-and-General-Mills
