General Mills (NYSE:GIS) has been given a $60.00 price target by research analysts at Susquehanna Bancshares in a research note issued to investors on Tuesday, December 19th. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price target suggests a potential upside of 3.72% from the stock’s current price.
Several other analysts have also recently commented on the stock. Wells Fargo & Co upgraded shares of General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research note on Monday, December 18th. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Royal Bank of Canada set a $58.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, Jefferies Group began coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.17.
General Mills (NYSE:GIS) traded down $0.24 on Tuesday, hitting $57.85. 2,585,259 shares of the company were exchanged, compared to its average volume of 3,055,700. The stock has a market cap of $32,920.00, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.66. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. equities research analysts anticipate that General Mills will post 3.12 EPS for the current year.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
A number of large investors have recently modified their holdings of GIS. Lenox Wealth Management Inc. grew its stake in General Mills by 0.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares in the last quarter. Lenox Wealth Advisors Inc. grew its stake in General Mills by 0.8% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC grew its stake in General Mills by 0.6% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares in the last quarter. Davis R M Inc. grew its stake in General Mills by 0.8% in the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after acquiring an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC grew its stake in General Mills by 1.3% in the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 72.59% of the company’s stock.
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General Mills Company Profile
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.
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