General Mills Shares Up 6% on Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/GIS'>General Mills, Inc. (NYSE:GIS)</a> shares rose more than 6% on Wednesday following the company’s reported Q4 results, with EPS coming in at $1.12, better than the Street estimate of $1.01. Revenue was $4.9 billion, beating the Street estimate of $4.8 billion.</p>
<p>The company’s full 2023-year outlook was also better than expected, with projected 4%-5% organic growth, implying a (1%)-2% EPS growth.</p>
<p>Analysts at Deutsche Bank believe the outlook is overall reasonable, especially in the context of the company's fundamental momentum and strong execution throughout the pandemic. </p>
<p>Although the inflationary environment remains tough to call and supply chain challenges are expected to persist, the analysts believe the company is actively implementing SRM initiatives to drive price/mix realization and driving HMM to protect profit dollars. The analysts increased their price target on the company’s shares to $81 from $75, while reiterating their buy rating.</p>

NYSE:GIS