Reuters reported on Sunday that General Mills, Inc. (NYSE:GIS) and Nestle SA (ETR:NESR) reported that they planned to put lower the amount of sugar and salt in breakfast cereals at their joint venture vending outside of the North America.
The newspaper posted on Sunday that both companies have had a joint venture Cereal Partners Worldwide since 1990, which sells breakfast cereal in 140 countries outside the United States and Canada.
Both companies aim to shatter the amount of sugar and sodium in cereals popular with children and teenagers, according to the Reuters report.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Kellogg Company (NYSE:K) rose +0.25% to settle at $51.73, Post Holdings Inc. (NYSE:POST) moved up +0.49% to end at $30.67 while The J.M. Smucker Company (NYSE:SJM) dropped -0.13% to finish at $83.45 on Friday.
General Mills, Inc. (NYSE:GIS)’s last session’s volume of 3.64 million shares was surprisingly lower than its average volume of 4.22 million shares. The stock after opening at $39.60 hit high price of $39.63 and then closed at $39.19 by scoring -0.78%.
The liquidity measure in recent quarter results of the company was recorded 0.87 as current ratio and on the other side the debt to equity ratio was 1.29 and long-term debt to equity ratio remained at 0.82. The Company had total cash of $1.51 billion at hand and a book value per share as $10.31 in the most recent quarter.
The stock’s price volatility was 1.02% for a week and 1.02% for a month as well as price volatility’s Average True Range for 14 days was 0.40 and its beta remained at 0.16.
GIS generated revenue of $16.86 billion in the previous twelve months and earned $1.71 billion. The Company showed a positive 9.87% in the net profit margin as well as in its operating margin which remained at 16.03%. Company’s annual sales growth for the past five years was 6.01%.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL