General Mills, Inc. (NYSE:GIS) has received a consensus rating of “Hold” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.93.

A number of equities research analysts have issued reports on GIS shares. Vetr upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price on the stock in a report on Tuesday, June 27th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Friday. Morgan Stanley reiterated an “equal weight” rating and set a $55.00 target price (down from $58.00) on shares of General Mills in a report on Sunday, June 25th. Finally, Susquehanna Bancshares Inc set a $59.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Sunday, June 25th.

Several hedge funds and other institutional investors have recently bought and sold shares of GIS. Flossbach Von Storch AG purchased a new position in shares of General Mills in the 2nd quarter valued at $227,578,000. Janus Henderson Group PLC grew its position in shares of General Mills by 3,178.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after buying an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after buying an additional 2,195,397 shares during the last quarter. Morgan Stanley grew its position in shares of General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after buying an additional 1,603,577 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of 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 valued at $413,862,000 after buying an additional 1,449,632 shares during the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of General Mills (NYSE:GIS) traded down 1.86% during trading on Friday, reaching $55.38. 6,209,455 shares of the company traded hands. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of 19.99 and a beta of 0.62. General Mills has a 52 week low of $52.76 and a 52 week high of $65.57. The firm’s 50 day moving average price is $55.76 and its 200-day moving average price is $56.79.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. Equities analysts anticipate that General Mills will post $3.11 EPS for the current fiscal year.

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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