Equities research analysts at Morgan Stanley initiated coverage on shares of General Mills (NYSE:GIS) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $48.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 8.77% from the company’s current price.

A number of other brokerages have also commented on GIS. Royal Bank of Canada reissued a “sector perform” rating and set a $52.00 price target on shares of General Mills in a report on Monday. Credit Suisse Group set a $46.00 price target on General Mills and gave the company a “hold” rating in a report on Thursday, September 13th. ValuEngine raised General Mills from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Bank of America reissued a “hold” rating and set a $49.00 price target on shares of General Mills in a report on Wednesday, June 27th. Finally, Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. General Mills currently has an average rating of “Hold” and a consensus target price of $50.35.

GIS stock opened at $44.13 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.84 and a beta of 0.74. General Mills has a 1 year low of $41.01 and a 1 year high of $60.69.

General Mills (NYSE:GIS) last posted its earnings results on Tuesday, September 18th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.12 billion. General Mills had a return on equity of 35.14% and a net margin of 13.54%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. analysts predict that General Mills will post 3.05 EPS for the current year.

In related news, insider Kofi A. Bruce sold 2,200 shares of General Mills stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $47.28, for a total transaction of $104,016.00. Following the transaction, the insider now directly owns 19,660 shares of the company’s stock, valued at $929,524.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maria Sastre bought 1,000 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were purchased at an average cost of $47.37 per share, for a total transaction of $47,370.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $47,370. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 158,018 shares of company stock worth $7,114,487. 0.59% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in General Mills by 9.3% during the first quarter. BlackRock Inc. now owns 47,261,193 shares of the company’s stock worth $2,129,588,000 after acquiring an additional 4,033,152 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in General Mills by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,682,121 shares of the company’s stock worth $1,048,171,000 after acquiring an additional 598,315 shares during the period. Northern Trust Corp grew its holdings in General Mills by 1.2% during the second quarter. Northern Trust Corp now owns 8,330,777 shares of the company’s stock worth $368,719,000 after acquiring an additional 96,628 shares during the period. Bank of New York Mellon Corp grew its holdings in General Mills by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 7,644,795 shares of the company’s stock worth $338,359,000 after acquiring an additional 46,939 shares during the period. Finally, Schroder Investment Management Group grew its holdings in General Mills by 5.1% during the second quarter. Schroder Investment Management Group now owns 5,166,277 shares of the company’s stock worth $230,829,000 after acquiring an additional 250,508 shares during the period. 70.60% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for General Mills (NYSE:GIS)

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