General Mills, Inc. (GIS) Lifted to Neutral at Consumer Edge

Consumer Edge upgraded shares of General Mills, Inc. (NYSE:GIS) from a sell rating to a neutral rating in a report released on Friday, September 8th.

A number of other equities research analysts have also issued reports on GIS. UBS AG restated a neutral rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the stock a sell rating in a research note on Monday, August 7th. BidaskClub upgraded shares of General Mills from a sell rating to a hold rating in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a hold rating on shares of General Mills in a research note on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc set a $59.00 price objective on shares of General Mills and gave the stock a hold rating in a research note on Sunday, June 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. General Mills has a consensus rating of Hold and a consensus price target of $57.66.

General Mills (NYSE GIS) traded down 0.89% on Friday, hitting $51.23. The stock had a trading volume of 4,499,061 shares. The company has a 50 day moving average price of $55.75 and a 200-day moving average price of $56.75. The company has a market cap of $29.12 billion, a price-to-earnings ratio of 18.36 and a beta of 0.62. General Mills has a 52-week low of $51.06 and a 52-week high of $65.57.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. On average, equities research analysts predict that General Mills will post $3.09 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in General Mills by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after buying an additional 533,919 shares in the last quarter. American Century Companies Inc. lifted its position in General Mills by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock worth $539,908,000 after buying an additional 659,156 shares in the last quarter. Morgan Stanley lifted its position in General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after buying an additional 1,603,577 shares in the last quarter. Bank of New York Mellon Corp lifted its position in General Mills by 26.1% in the 1st quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock worth $413,862,000 after buying an additional 1,449,632 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in General Mills by 5.3% in the 1st quar

A number of other equities research analysts have also issued reports on GIS. UBS AG restated a neutral rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the stock a sell rating in a research note on Monday, August 7th. BidaskClub upgraded shares of General Mills from a sell rating to a hold rating in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a hold rating on shares of General Mills in a research note on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc set a $59.00 price objective on shares of General Mills and gave the stock a hold rating in a research note on Sunday, June 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. General Mills has a consensus rating of Hold and a consensus price target of $57.66.

General Mills (NYSE GIS) traded down 0.89% on Friday, hitting $51.23. The stock had a trading volume of 4,499,061 shares. The company has a 50 day moving average price of $55.75 and a 200-day moving average price of $56.75. The company has a market cap of $29.12 billion, a price-to-earnings ratio of 18.36 and a beta of 0.62. General Mills has a 52-week low of $51.06 and a 52-week high of $65.57.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. On average, equities research analysts predict that General Mills will post $3.09 earnings per share for the current year.

WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/09/23/general-mills-inc-gis-upgraded-by-consumer-edge-to-neutral.html.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in General Mills by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after buying an additional 533,919 shares in the last quarter. American Century Companies Inc. lifted its position in General Mills by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock worth $539,908,000 after buying an additional 659,156 shares in the last quarter. Morgan Stanley lifted its position in General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after buying an additional 1,603,577 shares in the last quarter. Bank of New York Mellon Corp lifted its position in General Mills by 26.1% in the 1st quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock worth $413,862,000 after buying an additional 1,449,632 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in General Mills by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after buying an additional 295,119 shares in the last quarter. Institutional investors own 69.38% of the company’s stock.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Analyst Recommendations for General Mills (NYSE:GIS)

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