Piper Jaffray Companies reissued their sell rating on shares of General Mills, Inc. (NYSE:GIS) in a research report released on Thursday. They currently have a $53.00 price objective on the stock.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets dropped their target price on General Mills from $60.00 to $57.00 and set a market perform rating on the stock in a research report on Thursday. UBS AG reaffirmed a neutral rating and issued a $55.00 price objective (down previously from $58.00) on shares of General Mills in a research note on Thursday. Citigroup Inc. reaffirmed a buy rating and issued a $67.00 price objective on shares of General Mills in a research note on Thursday. Morgan Stanley reaffirmed an equal weight rating and issued a $52.00 price objective (down previously from $55.00) on shares of General Mills in a research note on Thursday. Finally, Bank of America Corporation decreased their price objective on General Mills from $61.00 to $55.00 and set a neutral rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $58.04.

Shares of General Mills (NYSE GIS) traded down 1.16% during midday trading on Thursday, hitting $51.09. The stock had a trading volume of 3,151,649 shares. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of 18.44 and a beta of 0.62. The stock’s 50 day moving average price is $55.75 and its 200 day moving average price is $56.75. General Mills has a 12 month low of $51.06 and a 12 month high of $65.57.

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

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Large investors have recently added to or reduced their stakes in the business. Lenox Wealth Advisors Inc. increased 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 during the last quarter. Winslow Evans & Crocker Inc. increased its stake in General Mills by 2.9% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after acquiring an additional 69 shares during the last quarter. Hanson McClain Inc. increased its stake in General Mills by 1.5% in the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after acquiring an additional 35 shares during the last quarter. IHT Wealth Management LLC increased its stake in General Mills by 33.4% in the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after acquiring an additional 627 shares during the last quarter. Finally, Assetmark Inc. increased its stake in General Mills by 11.2% in the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after acquiring an additional 253 shares during the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.

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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