Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.7%. By the end of trading, General Mills rose $0.60 (1.2%) to $50.48 on average volume. Throughout the day, 3,900,554 shares of General Mills exchanged hands as compared to its average daily volume of 3,185,300 shares. The stock ranged in a price between $50.04-$50.68 after having opened the day at $50.06 as compared to the previous trading day's close of $49.88. Other companies within the Food & Beverage industry that increased today were:
), up 6.0%,
), up 5.9%,
), up 5.4% and
), up 4.2%.
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General Mills, Inc. produces and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. General Mills has a market cap of $31.8 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are up 24.0% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate General Mills a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full General Mills Ratings Report.
On the negative front,
), down 8.9%,
), down 7.7%,
), down 6.2% and
), down 5.1% , were all laggards within the food & beverage industry with
) being today's food & beverage industry laggard.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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