General Mills, Inc. (GIS) Given Consensus Rating of “Hold” by Brokerages
Shares of General Mills, Inc. (NYSE:GIS) have been given an average recommendation of “Hold” by the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $50.86.
Several analysts recently commented on GIS shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of General Mills in a report on Tuesday, December 18th. Piper Jaffray Companies reaffirmed an “average” rating and issued a $47.00 price objective on shares of General Mills in a report on Thursday, December 20th. Credit Suisse Group lowered their target price on General Mills from $46.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 20th. Barclays reiterated a “neutral” rating on shares of General Mills in a research report on Thursday, December 20th. Finally, Morgan Stanley set a $41.00 target price on General Mills and gave the company a “hold” rating in a research report on Friday, December 21st.
In other news, Director R Kerry Clark sold 14,836 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $51.57, for a total value of $765,092.52. Following the transaction, the director now directly owns 62,211 shares in the company, valued at $3,208,221.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Donal L. Mulligan sold 120,722 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.50, for a total value of $5,734,295.00. Following the completion of the transaction, the chief financial officer now owns 252,326 shares in the company, valued at $11,985,485. The disclosure for this sale can be found here. Insiders have sold 452,071 shares of company stock worth $22,112,181 over the last quarter. 0.59% of the stock is owned by company insiders.
Shares of GIS opened at $51.58 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.55 and a quick ratio of 0.35. General Mills has a one year low of $36.42 and a one year high of $51.96. The firm has a market capitalization of $30.87 billion, a P/E ratio of 16.59, a PEG ratio of 2.19 and a beta of 0.78.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. General Mills’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that General Mills will post 3.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.96 annualized dividend and a yield of 3.80%. General Mills’s dividend payout ratio (DPR) is presently 63.02%.
About General Mills
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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