Shares of food products companies are trading lower in sympathy with General Mills, which reported a Q4 revenue miss.
Portfolio Pulse from Benzinga Newsdesk
Shares of food products companies are trading lower in sympathy with General Mills, which reported a Q4 revenue miss.
June 28, 2023 | 4:55 pm
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NEGATIVE IMPACT
General Mills reported a Q4 revenue miss, causing its shares to trade lower.
General Mills' Q4 revenue miss is a negative signal to investors, which is likely to put downward pressure on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shares of Hormel Foods are trading lower in sympathy with General Mills' Q4 revenue miss.
As a food products company, Hormel Foods' stock is likely to be negatively impacted by the poor performance of General Mills, a company in the same sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Shares of Hershey are trading lower in sympathy with General Mills' Q4 revenue miss.
As a food products company, Hershey's stock is likely to be negatively impacted by the poor performance of General Mills, a company in the same sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Shares of J.M. Smucker are trading lower in sympathy with General Mills' Q4 revenue miss.
As a food products company, J.M. Smucker's stock is likely to be negatively impacted by the poor performance of General Mills, a company in the same sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60