54.33 0.00 (0.00%)
After hours: 5:09PM EDT
|Bid||54.54 x 3000|
|Ask||54.54 x 800|
|Day's Range||54.19 - 54.58|
|52 Week Range||36.42 - 56.40|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||17.53|
|Earnings Date||Dec 17, 2019 - Dec 23, 2019|
|Forward Dividend & Yield||1.96 (3.60%)|
|1y Target Est||54.60|
Rising input costs are likely to hurt Conagra's (CAG) Q1 earnings. However, a strong brand portfolio supported by prudent acquisitions is expected to boost the top line.
It's easy to predict that a recession will come eventually. They always do. The trick is in the when - and even the most experienced experts take a lot of swings without making contact.But more strategists and economists are increasing their odds of a forthcoming recession. An August survey by the National Association for Business Economics showed that three of four economists expect a recession by 2021. It could come sooner than that. Also in August, Bank of America analysts said there's a greater-than-30% chance of a recession within 12 months. In a June interview, economist Gary Shilling said, "I think we're probably already in a recession."There are plenty of potential catalysts. Numerous international central banks are easing their policies to battle slowing economic growth. America's Federal Reserve is no exception - it just announced the second cut in its benchmark interest rate this year. The U.S.-China trade war is exacerbating things, with a salvo of tariffs weighing on consumers here and abroad. This has been reflected in the Treasury yield curve, which has inverted several times in 2019 - a recessionary warning sign.Don't look to these five stocks for recession protection. Many businesses surely will feel the pinch of an economic pullback. But these five better-known names - while fine companies in some respects - have issues such as high debt levels and struggling growth despite the economic expansion that might make a downturn more painful for them than others. SEE ALSO: The Pros Say No: 7 Large-Cap Stocks to Sell or Avoid
A Gold Medal Flour recall 2019 has General Mills (NYSE:GIS) warning customers about a possible E. coli contamination.Source: Billion Photos / Shutterstock The Gold Medal Flour recall 2019 covers the five-pound bags of the baking ingredient. The flour in this recall has a UPC of "000-16000-19610-0". General Mills also points out that the Best By Used Date for the bags of flour in the recall is Sept. 6, 2020.According to General Mills, no other bags of flour outside of those mentioned above are part of the Gold Medal Flour recall 2019. It also mentions that there have been no cases of adverse effects reported to it by consumers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe version of the bacteria found in the bags of flour is E. coli O26. This version can result in bloody diarrhea and dehydration. This makes it a potentially deadly bacterium. Seniors, young children and those with weak immune systems are most likely to contract foodborne illnesses.General Mills says that customers that own any bags of flour that are part of the recall should throw them away. Anyone that has to do this is advised to get in contact with the company by calling 1-800-230-8103, or through its website for the recall. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars General Mills is also using this event to remind customers about not consuming raw flour. The company points out that raw flour may contain E. coli and that includes unbaked goods. However, it also mentions that E. coli is killed by the cooking process. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential As of this writing, William White did not hold a position in any of the aforementioned securities.The post Gold Medal Flour Recall 2019: 5-Pound Bags May Contain E. Coli appeared first on InvestorPlace.
General Mills announced mixed fiscal 2020 first-quarter results today. The company’s revenue disappointed and fell short of Wall Street estimates.
It may not happen today or on Thursday, but as long as General Mills stock does not give up too much of its recent gains, more upside could be in store. It's not strong enough for bulls to bid up to General Mills stock to new highs and it's not bad enough to justify investors selling en masse. On the daily chart above, it's clear that General Mills stock has a level of channel resistance (blue line) that keeps the stock in check as it continues to rally.
Shares of the food maker are up 42% in 2019, and were trending up in Wednesday trading following the release of its mixed fiscal-first-quarter earnings results.
General Mills Inc. outperformed Wall Street profit estimates for its first fiscal quarter of the year, but sluggish demand in some of its biggest divisions pushed down sales.
General Mills (GIS) delivered earnings and revenue surprises of 2.60% and -2.19%, respectively, for the quarter ended August 2019. Do the numbers hold clues to what lies ahead for the stock?
General Mills, Inc. (NYSE: GIS ) reported first-quarter earnings of 79 cents per share Wednesday, beating the analyst consensus estimate of 77 cents by 2.6%. This is a 11.27% increase over earnings of ...
Cheerios maker General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday, hit by weak demand for its baking products and snacks in the United States and challenges in key emerging markets such as Brazil and India. The company, which owns dessert pre-mix brand Betty Crocker and Nature Valley granola bars, has been struggling to boost sales of its snacks, cereals and yogurt in the U.S. as consumers move away from processed and sugary foods to healthier and cheaper store-branded options. In a bid to drive growth, General Mills is making a big push into the pet food market with last year's purchase of Blue Buffalo Pet Products.
Shares of General Mills Inc. was knocked 3.9% lower in premarket trading Wednesday, after the branded consumer foods company reported a fiscal first-quarter profit that beat expectations but revenue that missed. Net income for the quarter to Aug. 25 rose to $520.6 million, or 85 cents a share, from $392.3 million, or 65 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share increased to 79 cents from 71 cents, above the FactSet consensus of 77 cents. Sales fell 2.2% to $4.00 billion, below the FactSet consensus of $4.08 billion. North American retail segment sales were flat at $2.38 billion, topping the FactSet consensus of $2.37 billion; pet sales rose 7% to $368 million, beating expectations of $364.3 million; and convenience stores and foodservice sales fell 4% to $445 million, well below expectations of $471.9 million. Sales in the company's Europe and Australia and Asia and Latin America segments also fell more than forecast. The company affirmed its full-year organic net sales growth outlook of 1% to 2%. The stock has run up 41.3% year to date through Tuesday, while the SPDR Consumer Staples Select Sector ETF has climbed 19.7% and the S&P 500 has hiked up 19.9%.
Investing.com - Wall Street slipped lower at the open on Wednesday as investors waited for the Federal Reserve’s latest interest rate decision later in the trading day.
General Mills turned higher Wednesday after fiscal first-quarter earnings beat estimates but revenue missed. The maker of Cheerios cereal and Haagen-Dazs ice cream earned an adjusted 79 cents a share in the quarter, 2 cents ahead of Wall Street estimates.
Markets aren’t moving too much today as the FOMC kicks off its meeting, with the Russell, Dow, S&P, and Nasdaq seeing little movement. In other products, crude oil gave up about half of its gains from ...
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