Violet Foods Acquires Muir Glen Organic Tomato Brand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Violet Foods, manufacturer of pizza sauce, pasta sauce and other tomato products, announced it has acquired the Muir Glen brand of organic tomato products from General Mills. Financial terms of the deal were not disclosed.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on GIS
Wall Street analysts forecast GIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GIS is 52.38 USD with a low forecast of 47.00 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
4 Buy
9 Hold
2 Sell
Hold
Current: 44.710
Low
47.00
Averages
52.38
High
63.00
Current: 44.710
Low
47.00
Averages
52.38
High
63.00
About GIS
General Mills, Inc. is a global manufacturer and marketer of branded consumer foods. Its segments include North America Retail; International; North America Pet, and North America Foodservice. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, convenience stores, and e-commerce grocery providers. The International segment consists of retail and foodservice businesses outside the United States and Canada. Its product categories include super-premium ice cream and frozen desserts, meal kits, salty snacks, snack bars, dessert and baking mixes, and shelf-stable vegetables. The North America Pet segment includes pet food products sold in the United States and Canada in national pet superstore chains, e-commerce retailers, and grocery stores. The North America Foodservice segment product categories include ready-to-eat cereals, snacks, and baking mixes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Jennifer Garner's Organic Baby Food Company IPO Outlook
- Acquisition Potential: Analyst Bennett Cheer views Once Upon A Farm as an acquisition target ahead of its IPO, anticipating that it will grow rapidly and eventually be acquired by a larger consumer products company, thereby enhancing its market value and industry position.
- Valuation Insight: Cheer noted that the company's potential $1 billion valuation post-IPO is relatively low given its impressive 64.6% compounded annual growth rate, which is rare in the consumer products sector, indicating strong market performance.
- Funding Strategy: The company plans to raise approximately $208.9 million by offering 10,997,209 shares priced between $17 and $19, targeting a valuation of $764.4 million, showcasing its fundraising capability and growth potential in the market.
- Trade Risks: In its prospectus, the company highlighted risks related to tariffs and trade barriers under the Trump administration, particularly affecting its supply chain from Mexico and South America, which could impact its future operations and profitability.
Continue Reading
Mining Stocks Surge as Gold and Silver Hit Record Highs
- Gold Price Surge: February gold futures hit a record high of $5,100 per ounce on Sunday, reflecting heightened investor demand for gold as a safe haven during uncertain times, which may further drive up mining stocks.
- Silver Price Highs: March silver futures reached $115.5 per ounce the following day, indicating a close correlation with gold prices that could attract more investors to the precious metals market.
- Strong Mining Stock Performance: The iShares MSCI Global Metals & Mining Producers ETF reached an all-time high of $59.58 on Monday, demonstrating strong market interest in mining stocks, although analysts express mixed views on sustainability.
- Shifting Market Sentiment: Despite mining stocks rising 20% to 50% over the past six months, a Citi report indicates buy ratings have dropped from 70 to 60, reflecting concerns over iron ore prices and the diminishing attractiveness of valuations.
Continue Reading