|Bid||78.81 x 1000|
|Ask||78.74 x 900|
|Day's Range||78.12 - 79.50|
|52 Week Range||58.85 - 81.24|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||19.12|
|Earnings Date||Mar 22, 2022 - Mar 28, 2022|
|Forward Dividend & Yield||2.16 (2.89%)|
|Ex-Dividend Date||Jul 07, 2022|
|1y Target Est||72.94|
Coming off a robust fiscal first quarter, General Mills (NYSE: GIS) just raised its full-year outlook for organic net sales, earnings-per-share growth, and operating profit. Let's take a closer look at General Mills, how the company beat earnings estimates, and why the food stock is repeatedly printing new all-time highs lately. Known for "Making food the world loves," General Mills' family of brands includes Cheerios, Betty Crocker, and Häagen-Dazs.
Sales jumped at Cheerios maker General Mills as more people look to save money eating at home, while profit fell roughly 16% at eatery chain Darden Restaurants The parent of Olive Garden has been hesitant to pass on higher costs for food, beverages and labor to its customers. General Mills shares gained 5.7% Wednesday. The Wall Street Journal reported that social-media giant Meta plans to cut expenses by at least 10% and started quietly nudging out employees.
The company's organic growth was very strong