General Mills (GIS) Given a $46.00 Price Target by Credit Suisse Group Analysts
General Mills (NYSE:GIS) received a $46.00 target price from stock analysts at Credit Suisse Group in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 3.46% from the company’s current price.
A number of other research firms have also commented on GIS. Susquehanna Bancshares set a $50.00 price objective on General Mills and gave the stock a “buy” rating in a research note on Monday, May 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of General Mills in a research note on Wednesday, June 27th. Citigroup dropped their price objective on General Mills from $61.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, June 29th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Piper Jaffray Companies set a $45.00 price objective on General Mills and gave the stock a “hold” rating in a research note on Thursday, July 12th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. General Mills has an average rating of “Hold” and a consensus price target of $50.35.
NYSE GIS traded up $0.33 during trading on Thursday, hitting $44.46. 599,396 shares of the company traded hands, compared to its average volume of 5,224,015. General Mills has a 12 month low of $41.01 and a 12 month high of $60.69. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.56 and a quick ratio of 0.34. The firm has a market cap of $28.46 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.84 and a beta of 0.74.
In other news, Director Maria Sastre bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were acquired at an average cost of $47.37 per share, with a total value of $47,370.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $47,370. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathon Nudi sold 5,066 shares of General Mills stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $44.44, for a total value of $225,133.04. Following the sale, the insider now directly owns 50,653 shares in the company, valued at $2,251,019.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,018 shares of company stock worth $7,114,487. 0.59% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Lee Financial Co boosted its holdings in General Mills by 178.2% during the first quarter. Lee Financial Co now owns 2,504 shares of the company’s stock valued at $113,000 after purchasing an additional 1,604 shares in the last quarter. Institutional & Family Asset Management LLC acquired a new stake in General Mills during the first quarter valued at approximately $115,000. Acadian Asset Management LLC acquired a new stake in General Mills during the second quarter valued at approximately $115,000. Adviser Investments LLC boosted its holdings in General Mills by 158.7% during the second quarter. Adviser Investments LLC now owns 2,608 shares of the company’s stock valued at $115,000 after purchasing an additional 1,600 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new stake in General Mills during the second quarter valued at approximately $118,000. 70.60% of the stock is currently owned by institutional investors and hedge funds.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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