|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||58.49 - 59.49|
|52 Week Range||49.65 - 63.73|
|PE Ratio (TTM)||21.68|
|Earnings Date||Mar 19, 2018 - Mar 23, 2018|
|Forward Dividend & Yield||1.96 (3.39%)|
|1y Target Est||58.84|
On Tuesday, January 16, Nestlé announced that it agreed to sell its US confectionary business to Ferrero for $2.8 billion in cash. Nestlé’s confectionary business, which represents about 3.0% of its total US group sales, was losing market share to bigger rivals such as Hershey (HSY) and Mars. A consumer shift toward healthy foods and away from sugary foods may have further encouraged Nestlé to divest its candy business in the US (SPY).
LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion (£2 billion), it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products. Nestle, the world's biggest packaged-food company, has cited the unit's weak position in the United States, where it trails Hershey, Mars Inc and Lindt, as the rationale for a sale. For family-owned Ferrero, the cash deal offers a chance for the Italian company to build scale quickly in that key market, where it has done two other deals in the past year.
MINNEAPOLIS, Jan. 16, 2018 /PRNewswire/ -- This year, General Mills is partnering with Rube Goldberg, Inc. to celebrate the 30th Anniversary of the RUBE GOLDBERG MACHINE® CONTEST®. To honor 30 years of invention and creativity, General Mills is bringing science to life in the most unexpected and imaginative places and ways. Beginning this month, General Mills Cereal will introduce specially-marked boxes of iconic General Mills cereals, including Cheerios, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Lucky Charms and Reese's Puffs as part of its larger partnership with Rube Goldberg, Inc. Each box includes easy-to-follow instructions to transform the packaging into one of six Rube Goldberg-inspired simple machines, bringing fun and S.T.E.M. (Science, Technology, Engineering, and Math) education right to families' homes.
MINNEAPOLIS, Jan. 16, 2018 /PRNewswire/ -- General Mills (GIS) today launched the General Mills Feeding Better Futures Scholars Program, which asks youth to share their ideas to help solve the challenge of feeding a growing world population. Feeding Better Futures will serve as a catalyst in addressing hunger relief and sustainable agriculture issues by championing the bright ideas of today's youth.
LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors.com has just released a free earnings report on General Mills, Inc. (NYSE: GIS ). If you want access to this report all you need to do is sign ...
MINNEAPOLIS, Jan. 8, 2018 /PRNewswire/ -- The 27th annual Party with a Purpose® hosted by Taste of the NFL, a non-profit dedicated to hunger relief, this year will be brought to you by General Mills. The event, which will be held on the eve of Super Bowl LII on Saturday, Feb. 3, 2018 at Saint Paul RiverCentre, pairs renowned chefs from the 32 NFL cities with current, Hall of Fame, and alumni players from each of the NFL franchises as they serve over 45,000 tastings for 2,500 guests. "As a strong advocate for hunger relief, partnering with Taste of the NFL to help end hunger by raising awareness and money is a win-win for us," said Mary Jane Melendez, executive director of the General Mills Foundation.
On December 29, 2017, Hain Celestial (HAIN) was trading at a 12-month forward PE (price-to-earnings) multiple of 24.8x.
French dairy firm Lactalis has agreed to buy siggi's, a U.S.-based maker of Icelandic-style skyr yoghurt for an undisclosed price, its second deal in six months to tap Americans' growing taste for healthier yoghurt. The purchase, announced on Friday, is the latest upstart company to be bought by a multinational grappling with a slowing packaged food market as consumers seek fresher, less processed food. Swiss milk processor Emmi owns 22 percent of siggi's and said it would sell its stake to Lactalis.
Shares of MoneyGram (MGI) are tanking, down 9%, after US regulators blocked the sale of the money transfer company to Alibaba’s (BABA) Ant Financial Services. The $1.2 billion deal, which was in the works for several years, would have helped Alibaba solidify its US financial presence. Southwest Airlines (LUV) announced it will share its tax cut windfall with workers.
MINNEAPOLIS, Jan. 3, 2018 /PRNewswire/ -- Today, Cheerios announced it is teaming up with Walmart to create "Moments of Good" for its shoppers in communities throughout the United States. From now through March, Cheerios and Walmart will work together to create special moments for shoppers, both in stores and within the surrounding communities. "Good doesn't always have to involve elaborate gestures, sometimes the smallest things can create a ripple effect of kindness," said General Mills senior customer manager, Randy Seeley.
Recreational marijuana will be legal in California starting Jan. 1 and the state’s culinary scene is jumping on the cannabis-foodie movement, The Associated Press reports . “Now you see all kinds of cuisines,” said Cristina Espiritu of the 420 Foodie Club, which promotes cannabis food events in Southern California. Marijuana industry analysts predict edibles in the recreational marijuana market could exceed $100 million in sales in 2018, AP reported.
General Mills Inc. appears to have combined two of the greatest sugary cereals. The Golden Valley-based food company may be in the process of rolling out a version of Lucky Charms marshmallow cereal with "frosted flakes" — not the cereal of that name made by arch-rival Kellogg Co., mind you, but probably close enough for the sort of cereal fan who can't decide between sweetened marshmallow bits or sweetened flaky bits. The cereal-focused blog Cerealously posted a video featuring Lucky Charms Frosted Flakes last month (the video's since been deleted), and the Daily Meal this week noted that General Mills (GIS) " neither confirmed nor denied the existence" of the cereal .
Nike (NKE) declared its fiscal 2Q18 results on December 21 after the markets closed. In 2Q18, its revenue rose 5.0% to $8.6 billion.
Stock Monitor: General Mills Post Earnings Reporting LONDON, UK / ACCESSWIRE / December 26, 2017 / Active-Investors.com has just released a free research report on Conagra Brands, Inc. (NYSE: CAG ) ("Conagra"). ...
Yahoo Finance's Yahoo Finance's Seana Smith, Rick Newman, and Dan Roberts discuss why McDonald's revived the 'Dollar Menu' with a catch.
Jim Cramer highlighted the flurry of bullish, stock-moving analyst notes issued after the Republican tax bill became law.
MoneyGram, IBM, McDonald’s and Mars are the companies to watch.