General Mills’ (GIS) “Neutral” Rating Reaffirmed at UBS AG
UBS AG restated their neutral rating on shares of General Mills, Inc. (NYSE:GIS) in a report published on Thursday morning. The firm currently has a $55.00 price objective on the stock, down from their previous price objective of $58.00.
Other research analysts have also recently issued reports about the company. Vetr raised General Mills from a hold rating to a buy rating and set a $57.82 price objective for the company in a report on Tuesday, June 27th. BidaskClub raised General Mills from a hold rating to a buy rating in a report on Tuesday, August 22nd. Zacks Investment Research raised General Mills from a hold rating to a buy rating and set a $62.00 price objective for the company in a report on Friday, September 15th. Citigroup Inc. reissued a buy rating and set a $67.00 price objective on shares of General Mills in a report on Thursday. Finally, Morgan Stanley reissued an equal weight rating and set a $55.00 price objective (down from $58.00) on shares of General Mills in a report on Sunday, June 25th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $58.04.
Shares of General Mills (GIS) traded down 0.435% during trading on Thursday, reaching $51.465. 2,121,923 shares of the company were exchanged. The stock has a 50-day moving average of $55.75 and a 200 day moving average of $56.75. General Mills has a 52-week low of $51.31 and a 52-week high of $65.57. The stock has a market capitalization of $29.70 billion, a P/E ratio of 18.579 and a beta of 0.62.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. On average, equities analysts anticipate that General Mills will post $3.10 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Bogart Wealth LLC increased its position in General Mills by 29.2% in the second quarter. Bogart Wealth LLC now owns 7,523 shares of the company’s stock worth $417,000 after purchasing an additional 1,699 shares during the period. Intl Fcstone Inc. increased its position in General Mills by 158.7% in the second quarter. Intl Fcstone Inc. now owns 32,228 shares of the company’s stock worth $1,785,000 after purchasing an additional 19,769 shares during the period. M Holdings Securities Inc. acquired a new stake in General Mills in the second quarter worth about $229,000. Gs Investments Inc. acquired a new stake in General Mills in the second quarter worth about $1,783,000. Finally, Navellier & Associates Inc increased its position in General Mills by 3.6% in the second quarter. Navellier & Associates Inc now owns 24,404 shares of the company’s stock worth $1,352,000 after purchasing an additional 839 shares during the period. Hedge funds and other 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.
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