General Mills, Inc (NYSE:GIS) is preparing its most inclusive effort up till now to revive its United States yogurt business amid the booming Greek-yogurt trend that has eaten into its sales.
General Mills is unveiling 40 new yogurt products current fiscal year, up almost double from previous year. The products start shipping coming month, comprising a 100-calorie cup of its Yoplait Greek yogurt endorsed by Weight Watchers International, Inc (NYSE:WTW), and Yoplait Fruplait, which claims to have twice as much fruit mixed in as the best brand.
The food giant General Mills, which announce fiscal Q4 results on Wednesday, should announce a drop in Yoplait’s sales during the previous year after reporting just slight expansion in the earlier 2 years.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Kellogg Company (NYSE:K) fell -0.49% to settle at $48.73, Post Holdings Inc (NYSE:POST) moved down -2.89% to end at $31.55 while Kraft Foods Inc (NYSE:KFT) plunged -0.62% to finish on Monday at $38.61.
General Mills, Inc. (NYSE:GIS) on June 25, 2012 decreased -0.03% to the closing price of $38.43. The overall volume in the last trading session was 4.30 million shares. Its fifty two week range was $34.64-$41.06. The total market capitalization remained $24.88 billion.
GIS is ahead its 52 week low with +13.56% and going forward from its 52 week high price with -5.69%. GIS last month stock price volatility remained 0.97%. In its share capital GIS has 647.31 million outstanding shares among them 646.58 million shares have been floated in market exchange. GIS stock institutional ownership remained 70.02% while insider ownership included 0.19%.
The stock price of GIS is moving forward from its 20 days moving average with +0.33% and remote negatively from 50 days moving average with -0.59%. GIS current year earnings per share experienced an addition with 20.77% while its current quarter performance remained -1.31%. Company’s beta coefficient included 0.17. Beta factors measures the amount of market risk associated with market trade.
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