Shares of General Mills, Inc. (NYSE:GIS) have been given a consensus rating of “Hold” by the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $58.37.
A number of brokerages have recently commented on GIS. Jefferies Group raised General Mills from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday. Wells Fargo & Co set a $65.00 price target on General Mills and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a report on Wednesday, January 3rd. Finally, Susquehanna Bancshares set a $60.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday, December 19th.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in GIS. American International Group Inc. raised its stake in General Mills by 1,708.4% during the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after buying an additional 8,528,534 shares during the last quarter. Janus Henderson Group PLC raised its stake in General Mills by 3,178.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after buying an additional 2,531,664 shares during the last quarter. Stifel Financial Corp grew its position in shares of General Mills by 28,570.2% during the 3rd quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock valued at $86,610,000 after acquiring an additional 1,665,641 shares during the period. American Century Companies Inc. grew its position in shares of General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after acquiring an additional 1,550,074 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of General Mills by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,499,301 shares of the company’s stock valued at $503,923,000 after acquiring an additional 1,009,126 shares during the period. Institutional investors and hedge funds own 72.59% of the company’s stock.
Shares of General Mills (GIS) traded down $0.46 on Tuesday, hitting $56.43. The stock had a trading volume of 3,361,001 shares, compared to its average volume of 3,310,000. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills has a 12-month low of $49.65 and a 12-month high of $61.59. The company has a market cap of $32,110.00, a PE ratio of 20.67, a P/E/G ratio of 2.48 and a beta of 0.61.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. sell-side analysts forecast that General Mills will post 3.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. General Mills’s dividend payout ratio is presently 71.79%.
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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.
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