Latest news with #GIS
Yahoo
7 hours ago
- Business
- Yahoo
General Mills, Inc. (GIS) Is Removing Synthetic Dyes From Its Food, Says Jim Cramer
General Mills, Inc. (NYSE:GIS) is one of the . General Mills, Inc. (NYSE:GIS) is a packaged food company whose shares have dipped by 20.5% to make it one of the worst-performing food stocks in the market. June has seen the firm extend its losses over peers owing to a 5% drop after the firm's midpoint full-year profit drop guidance of 12.5% was significantly larger than analyst estimates of 4.8%. General Mills, Inc. (NYSE:GIS)'s fiscal fourth-quarter revenue of $4.56 billion also missed analyst estimates of $4.59 billion. The only silver lining was the firm's 74 cents earnings beating estimates of 71 cents. Cramer shared that General Mills, Inc. (NYSE:GIS) is removing synthetic dyes from its food products: '. . .General Mills, Nestle, are all taking the dyes out. The synthetic dyes.' A worker in a production facility packaging arbitrary food products, reflecting the company's commitment to comprehensive production standards. In his previous comments about General Mills, Inc. (NYSE:GIS), Cramer discussed the earnings and the earnings call: 'Finally, there are the miserable consumer packaged goods plays. Oh my god, they're so horrible. Today, the once invincible General Mills… put up incredibly weak numbers. The General used to be the most clockwork of the group. Today, the stock slipped over 5%. Amazing. Look, if you listen to management on the conference call, they don't even sound challenged. It seems like they think it's business as usual. They chatter on and on about some algorithm that gives them the numbers they want, but they don't seem to understand that they gotta cut price big time or do some merging in order to make things palatable.' While we acknowledge the potential of GIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
General Mills, Inc. (GIS) Is Removing Synthetic Dyes From Its Food, Says Jim Cramer
General Mills, Inc. (NYSE:GIS) is one of the . General Mills, Inc. (NYSE:GIS) is a packaged food company whose shares have dipped by 20.5% to make it one of the worst-performing food stocks in the market. June has seen the firm extend its losses over peers owing to a 5% drop after the firm's midpoint full-year profit drop guidance of 12.5% was significantly larger than analyst estimates of 4.8%. General Mills, Inc. (NYSE:GIS)'s fiscal fourth-quarter revenue of $4.56 billion also missed analyst estimates of $4.59 billion. The only silver lining was the firm's 74 cents earnings beating estimates of 71 cents. Cramer shared that General Mills, Inc. (NYSE:GIS) is removing synthetic dyes from its food products: '. . .General Mills, Nestle, are all taking the dyes out. The synthetic dyes.' A worker in a production facility packaging arbitrary food products, reflecting the company's commitment to comprehensive production standards. In his previous comments about General Mills, Inc. (NYSE:GIS), Cramer discussed the earnings and the earnings call: 'Finally, there are the miserable consumer packaged goods plays. Oh my god, they're so horrible. Today, the once invincible General Mills… put up incredibly weak numbers. The General used to be the most clockwork of the group. Today, the stock slipped over 5%. Amazing. Look, if you listen to management on the conference call, they don't even sound challenged. It seems like they think it's business as usual. They chatter on and on about some algorithm that gives them the numbers they want, but they don't seem to understand that they gotta cut price big time or do some merging in order to make things palatable.' While we acknowledge the potential of GIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Time of India
a day ago
- Business
- Time of India
PMC revises house tax based on GIS survey
1 2 Prayagraj: Thousands of house owners in the city who sought relief from increased house tax after a recent GIS survey found themselves disappointed. After the Municipal Corporation revised house tax based on the updated survey, 2,32,000 house owners received notices of tax revision. Of these, 94,000 owners applied for relief by submitting self-tax forms, hoping to reduce their tax burden by declaring the area of their buildings. However, the relief was short-lived for many. The Municipal Corporation randomly verified the data provided in 10% of these self-tax forms, and the physical verification revealed a striking discrepancy as 90% of the submitted forms contained inaccurate data about building areas, which amounts to around 10,500 buildings. Out of the 10,500 buildings checked, around 9,500 were found to have under-reported their building area, invalidating the self-tax forms submitted by those owners. As a result, the Municipal Corporation issued revised house tax bills, often including arrears for previous years along with the current financial year's dues. "The revision process is fair. If the actual area is found to be more, the tax will be adjusted accordingly," said chief tax assessment officer of the Municipal Corporation, PK Mishra. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Efficient Cleaning for Compliant Warehouses SearchMore Learn More Undo He also mentioned that there is a provision to verify up to 10% of self-tax forms, emphasizing the importance of accurate declarations by the property owners. Moreover, the Municipal Corporation is considering revising water and sewer bills for those who have under-reported building areas, potentially increasing their overall charges. This development has left many house owners frustrated, highlighting the challenges in implementing GIS-based property tax assessments and the need for transparency and accuracy in tax declarations.
Business Insider
2 days ago
- Business
- Business Insider
General Mills (GIS) Slashes Revenue Forecast as Trump Tariffs Squeeze Margins
Of late, General Mills (GIS) can't catch a break. Despite this week's fiscal fourth quarter 2025 earnings report featuring a beat on earnings per share (EPS), its stock dropped due to concerns over the company's strategic reinvestments and the growing impact of U.S. trade policies. Indeed, the consumer food company expects flat-to-negative organic sales and a drop in adjusted operating profit for the upcoming fiscal year. As price data shows, investors have reacted negatively to this week's earnings news, causing GIS stock to decline by almost 6%. Confident Investing Starts Here: I believe that investors have every right to feel uneasy due to a combination of internal (volume loss in its key market) and external (Trump's tariffs) threats, making me cautiously Neutral on GIS stock. General Mills' Latest Financials In its fiscal fourth quarter, General Mills reported earnings per share of $0.74, surpassing analyst expectations of $0.71, while revenue met forecasts at $4.6 billion, a 3% year-over-year decline. Despite the earnings beat, shares of General Mills have declined and are now trading near 52-week lows. This reaction reflects a broader market trend: investor attention is typically more focused on forward-looking guidance than on backward-looking results, which is reasonable given that future performance carries more weight in valuation models. In that context, General Mills' cautious outlook for fiscal year 2026 has unsettled investors. The company expects organic sales growth to remain flat, with a range of -1% to 1%. However, the more significant concern was its guidance for adjusted operating profit, which is projected to decline by 10% to 15% in constant currency from the fiscal 2025 baseline of $3.4 billion. This anticipated drop is a result of a combination of internal and external challenges. Some of these pressures were already evident in the latest quarter. As TipRanks data shows, in its largest segment—North American Retail—net sales declined by 3%, despite volume remaining flat, indicating underlying pricing or mix issues that may persist. This dynamic signals a deliberate reduction in the average price per unit and aligns with the company's strategic focus on 'returning to volume growth.' However, slashing prices doesn't always translate into higher sales volumes, particularly when underlying brand challenges remain. To address this, General Mills is ramping up its advertising investments, a strategy that will likely support the company's upcoming expansion into the fresh pet food category under its Blue Buffalo brand. Trump Tariffs Stir Trouble for General Mills Increased Selling, General, & Administrative (SG&A) costs aren't alone to blame for General Mills' profitability woes. Donald Trump's infamous tariffs continue to be a significant external operating headwind for General Mills. In fact, much of the 10% to 15% operating profit can be associated with tariffs, given that many ingredients and packaging materials are imported from China, Canada, and Mexico. General Mills' Mitigation Strategy Founded in 1928, General Mills is well-equipped to navigate challenging environments and has several strategies in place to help manage current headwinds. One key initiative is its 'Holistic Margin Management' program, which targets cost savings of 4%–5% as a percentage of cost of goods sold (COGS). This effort could yield up to $100 million in savings by fiscal year 2026, helping to offset inflationary pressures on input costs. The company is also shifting focus toward higher-margin, higher-growth categories. A notable move in this direction is the recent divestiture of its yogurt brands, including Yoplait and Go-Gurt, to Lactalis and Sodiaal for $2.1 billion—a clear example of strategic portfolio realignment. This transaction not only simplifies operations but also provides additional capital to reinvest in innovation and brand development. As a result, the coming year is expected to emphasize product innovation and brand building, although these efforts may weigh on short-term profit margins. According to TipRanks data, GIS maintains a profit margin of ~13%. From a valuation perspective, General Mills' stock appears reasonably priced, trading at a forward P/E of 12.74 —approximately 32% below the Consumer Staples sector average. For comparison, The Hershey Company (HSY) trades at a P/E of 30.27, supported by more substantial EBITDA margins of 25.84% versus General Mills' 19.91%. Is GIS Stock Worth Buying? On Wall Street, General Mills carries a Hold consensus rating based on two Buy, nine Hold, and two Sell ratings over the past three months. GIS' average price target of $56 implies an 11% upside potential over the next twelve months. Earlier this month, Morgan Stanley analyst Megan Alexander assigned a Sell rating to GIS stock with a price target of $51. The analyst expressed caution due to the company's 'decelerating scanner data trends' and a 'decline in retail takeaway.' She also expects a 'high single-digit percentage decline in earnings per share (…), driven by several headwinds, including profit dilution from the yogurt divestiture, operating profit headwinds from resetting incentive compensation, and potential cost inflation impacts.' On the other side of the aisle, Bank of America Securities analyst Peter Galbo is more bullish on General Mills, issuing a Buy rating on its stock with a price target of $63. He highlighted operational improvements, including improved gross margins, and believes the company's guidance for FY26, which calls for a decline in operating profit and EPS, is 'manageable.' General Mills Faces Tough Choices with Strong Brands In conclusion, General Mills' strategy of prioritizing volume growth over near-term profitability has drawn mixed reactions, and with good reason. The company operates in a mature, highly competitive market, faces flat growth, and has limited flexibility in terms of margins. While its planned entry into the fresh pet food category is an encouraging step toward diversification, it's still unclear when—or if—the necessary investments to build and scale that brand will yield meaningful returns. Ultimately, this situation underscores a broader reality: even a legacy player like General Mills cannot rely solely on established brands. Continued relevance in the food industry requires ongoing innovation and investment. For income-focused investors, t he stock does offer a compelling 4.49% dividend yield. However, this alone may not justify the risk, particularly given that 10-Year Treasury Notes are offering comparable yields with far less volatility. At this point, General Mills' products may be more appealing on store shelves than its shares are in a portfolio.
Hans India
3 days ago
- Science
- Hans India
Workshop held at SKLTHU on free, open-source software on horticulture
Hyderabad: Sri Konda Laxman Telangana Horticultural University (SKLTHU) Vice Chancellor, Dr Danda Raji Reddy, said that it is time to explore IT and ICT Remote Sensing and GIS avenues in Horticulture for students. The Horticultural University is exploring opportunities for collaborative research and student-centric internships, particularly in the Open Source Geographical Information Systems (GIS) domain, the Vice Chancellor added. He said it at a workshop on free and open-source software for horticulture conducted for the students of Sri Konda Laxman Telangana Horticultural University (SKLTHU) in Rajendranagar on Thursday. This was followed by a Faculty Development Program focusing on advanced applications of free and open-source geospatial software for horticulture. Dr Mohamed Kasim Khan, National Coordinator - FOSSEE GIS (NMEICT (National Mission on Education through Information and Communication Technology), IIT Bombay, gave the keynote lecture with updates on the avenues available. He outlined action steps, the structure of internships for students, training opportunities for faculty, and collaboration between academia and industry. He emphasized the use of open-source software for horticultural research and resource mapping. The FOSSEE GIS project, IIT Bombay, is offering a unique remote internship activity for deserving students and thematic sessions for faculty, he added. Dr. Veeranjaneyulu, a University Consultant, gave an overview of ICT applications for education. He opined that better career opportunities are possible for graduates with a Horticulture base coupled with software-based ICTs for students. Dr. P. Prasanth, Associate Dean of the College of Horticulture, Rajendranagar, stated that facilities are provided for students in all frontier technologies. On this occasion, Dr Khan revealed that the jury has adjudged Sri Konda Laxman Telangana Horticultural University under the 'Aspiring University' category in the National Geospatial Awards, a ceremony scheduled for 17 July 2025. SKLTGHU shall also be onboarded as a knowledge partner in the upcoming National Geospatial Horticulture Hackathon. Dr. Pidigam Saidaiah, Associate Dean of the College of Horticulture, Mojerla, Dr. M. Srinivas, Ashwin, professors, and students participated in the workshop.
