General Mills (GIS) Given a $57.00 Price Target by Susquehanna Bancshares Analysts
A number of other brokerages have also recently commented on GIS. Zacks Investment Research raised shares of General Mills from a sell rating to a hold rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of General Mills from a hold rating to a buy rating in a report on Tuesday, August 22nd. Consumer Edge upgraded shares of General Mills from a sell rating to a neutral rating in a report on Friday, September 8th. Royal Bank of Canada reiterated a hold rating and set a $62.00 price objective on shares of General Mills in a report on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a hold rating and set a $60.00 price objective on shares of General Mills in a report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $56.66.
Shares of General Mills (GIS) traded up $0.41 on Wednesday, reaching $56.47. 4,274,000 shares of the company’s stock were exchanged, compared to its average volume of 3,719,034. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $32,090.00, a PE ratio of 18.63, a P/E/G ratio of 2.09 and a beta of 0.66. General Mills has a twelve month low of $49.65 and a twelve month high of $64.06.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The firm 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 business’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. research analysts forecast that General Mills will post 3.1 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of GIS. Vanguard Group Inc. grew 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 purchasing an additional 533,919 shares in the last quarter. American Century Companies Inc. grew its position in General Mills by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after purchasing an additional 1,550,074 shares in the last quarter. American International Group Inc. grew its position in General Mills by 1,708.4% in the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock worth $467,276,000 after purchasing an additional 8,528,534 shares in the last quarter. Bank of New York Mellon Corp grew its position in General Mills by 13.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock worth $387,691,000 after purchasing an additional 890,262 shares in the last quarter. Finally, Morgan Stanley grew 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 purchasing an additional 1,603,577 shares in the last quarter. Institutional investors own 72.78% 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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