Analysts Set General Mills, Inc. (GIS) Price Target at $62.68

Shares of General Mills, Inc. (NYSE:GIS) have been given an average rating of “Hold” by the twenty research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.68.

A number of research firms have weighed in on GIS. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $58.98 target price on the stock in a report on Monday, May 1st. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Monday, March 27th. Royal Bank of Canada reissued a “hold” rating on shares of General Mills in a report on Sunday, March 12th. Deutsche Bank AG began coverage on shares of General Mills in a report on Wednesday, February 15th. They set a “hold” rating and a $61.00 target price on the stock. Finally, Stifel Nicolaus lowered shares of General Mills from a “buy” rating to a “hold” rating and reduced their target price for the stock from $67.00 to $60.00 in a report on Wednesday, March 22nd.

In related news, insider Jonathon Nudi bought 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 12th. The shares were bought at an average price of $57.45 per share, for a total transaction of $103,410.00. Following the transaction, the insider now directly owns 34,077 shares of the company’s stock, valued at $1,957,723.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors Inc. increased its position in General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock worth $107,000 after buying an additional 14 shares during the last quarter. Cribstone Capital Management LLC increased its position in General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares during the last quarter. Commonwealth Financial Services LLC increased its position in General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares during the last quarter. Hanson McClain Inc. increased its position in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after buying an additional 627 shares during the last quarter. Institutional investors own 70.52% of the company’s stock.

General Mills (NYSE GIS) traded down 0.19% during mid-day trading on Tuesday, hitting $57.09. 2,866,227 shares of the stock traded hands. The stock has a market capitalization of $32.89 billion, a PE ratio of 21.15 and a beta of 0.60. General Mills has a one year low of $55.57 and a one year high of $72.95. The company has a 50 day moving average price of $56.94 and a 200-day moving average price of $59.97.

General Mills (NYSE:GIS) last released its quarterly earnings data on Tuesday, March 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.82 billion. General Mills had a net margin of 10.34% and a return on equity of 37.15%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Equities analysts anticipate that General Mills will post $3.05 earnings per share for the current fiscal year.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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