General Mills, Inc. (NYSE:GIS) Receives Average Recommendation of “Hold” from Analysts

General Mills, Inc. (NYSE:GIS) has earned an average rating of “Hold” from the twenty-one analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $52.21.

A number of analysts recently issued reports on GIS shares. Deutsche Bank raised General Mills from a “hold” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $54.00 in a report on Thursday, March 14th. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price objective on shares of General Mills in a report on Wednesday, March 20th. TheStreet raised General Mills from a “c+” rating to a “b-” rating in a report on Friday, March 15th. BMO Capital Markets increased their price objective on General Mills from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Morgan Stanley increased their price objective on General Mills from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st.

Shares of NYSE GIS opened at $52.52 on Friday. General Mills has a one year low of $36.42 and a one year high of $54.39. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.59 and a quick ratio of 0.35. The company’s fifty day moving average price is $52.11. The stock has a market cap of $31.27 billion, a PE ratio of 16.31, a PEG ratio of 2.22 and a beta of 0.75.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.24 billion. General Mills had a return on equity of 27.67% and a net margin of 10.39%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. As a group, research analysts forecast that General Mills will post 3.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.73%. General Mills’s dividend payout ratio is currently 60.87%.

In other General Mills news, insider John R. Church sold 4,719 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $50.78, for a total value of $239,630.82. Following the transaction, the insider now directly owns 34,112 shares in the company, valued at approximately $1,732,207.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Kerry Clark sold 14,836 shares of the company’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 completion of the transaction, the director now owns 62,211 shares in the company, valued at $3,208,221.27. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GIS. Norges Bank bought a new position in General Mills in the 4th quarter worth about $208,406,000. FMR LLC increased its position in shares of General Mills by 92.9% during the 1st quarter. FMR LLC now owns 3,431,373 shares of the company’s stock valued at $177,574,000 after purchasing an additional 1,652,275 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of General Mills by 469.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 953,445 shares of the company’s stock valued at $43,653,000 after purchasing an additional 785,927 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of General Mills by 42.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,965,879 shares of the company’s stock valued at $101,734,000 after purchasing an additional 584,631 shares during the last quarter. Finally, Gotham Asset Management LLC increased its position in shares of General Mills by 476.8% during the 4th quarter. Gotham Asset Management LLC now owns 632,908 shares of the company’s stock valued at $24,645,000 after purchasing an additional 523,175 shares during the last quarter. Institutional investors and hedge funds own 69.77% of the company’s stock.

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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