General Mills, Inc. (NYSE:GIS) announced Thursday it would give an undisclosed amount to purchase Yoki Alimentos S.A., a privately-held food firm with 5,000 employees headquartered in Sao Bernardo do Compo, Brazil.
General Mills anticipates the agreement to complete during the first half of its 2013 fiscal year. General Mills announced that the acquisition will boost its annual sales by more than double in Latin America to almost $1 billion.
Its competitors include Kellogg Company (NYSE:K) that surged 0.40% to $50.30 with the total traded volume of 297,234.00 shares and Seneca Foods Corp (NASDAQ:SENEA) that traded at flat to $22.63 with the total traded volume of 1,100.00 shares.
Other consumer goods stocks with bullish trend include Ford Motor Company (NYSE:F) up 1.44% to $10.56, Altria Group, Inc. (NYSE:MO) up 1.42% to $32.17 and PVH Corp (NYSE:PVH) up 8.50% to $83.95, whereas with bearish trend include Xerox Corporation (NYSE:XRX) down -1.11% to $7.11, Sara Lee Corp. (NYSE:SLE) down -0.19% to $20.60 and H.J. Heinz Company (NYSE:HNZ) down -1.41% to $53.10.
General Mills, Inc. (NYSE:GIS) stock reports on May 24, 2012 increased 0.98% to the trading price of $38.97 10:45AM EDT. Its fifty two week range is $34.64-$41.06. The total market capitalization remained $25.24 billion.
The overall volume in the current trading session is 658,998.00 shares. In its share capital GIS has 647.31 million outstanding shares among them 646.58 billion shares have been floated in market exchange. GIS stock institutional ownership remained 70.01% while insider ownership included 0.24%.
GIS is ahead its 52 week low with 14.98% and lagging behind from its 52 week high price with -4.51%. GIS last month stock price volatility remained 1.04%. The stock price of GIS is moving forward from its 20 days moving average with 0.01% and remote positively from 50 days moving average with 0.23%.
GIS current year earnings per share experienced an addition with 20.77% while its current quarter performance remained 0.68%. Company’s beta coefficient included 0.17. Beta factors measures the amount of market risk associated with market trade.