General Mills, Inc. (NYSE:GIS) Receives $42.44 Average Target Price from Brokerages

by · The Cerbat Gem

General Mills, Inc. (NYSE:GIS – Get Free Report) has been given a consensus recommendation of “Reduce” by the twenty-one ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $41.7778.

GIS has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley reduced their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Mizuho reduced their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Finally, BTIG Research initiated coverage on shares of General Mills in a research report on Monday, April 13th. They set a “neutral” rating for the company.

Read Our Latest Stock Analysis on General Mills

General Mills Stock Performance

NYSE:GIS opened at $33.82 on Thursday. The company has a market capitalization of $18.05 billion, a PE ratio of 8.27 and a beta of -0.02. The company has a 50 day simple moving average of $35.22 and a two-hundred day simple moving average of $41.97. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. General Mills has a fifty-two week low of $32.64 and a fifty-two week high of $55.19.

General Mills (NYSE:GIS – Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. Research analysts anticipate that General Mills will post 3.43 earnings per share for the current year.

Insider Buying and Selling at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On General Mills

Large investors have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new position in General Mills during the 3rd quarter valued at $25,000. Reflection Asset Management bought a new stake in shares of General Mills during the 4th quarter worth $25,000. Close Asset Management Ltd bought a new stake in shares of General Mills during the 3rd quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills during the 4th quarter worth $26,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the period. 75.71% of the stock is currently owned by institutional investors.

About General Mills

(Get Free Report)

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

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