Credit Suisse Group reiterated their neutral rating on shares of General Mills (NYSE:GIS) in a report issued on Wednesday morning. Credit Suisse Group currently has a $58.00 price objective on the stock, down from their previous price objective of $62.00.
Several other research firms also recently weighed in on GIS. Wells Fargo & Co upgraded shares of General Mills from a market perform rating to an outperform rating and set a $63.00 target price for the company in a report on Monday, December 18th. Argus reiterated a hold rating on shares of General Mills in a report on Wednesday, December 27th. Zacks Investment Research downgraded shares of General Mills from a hold rating to a sell rating in a report on Tuesday, November 21st. Jefferies Group upgraded shares of General Mills from a hold rating to a buy rating and set a $56.00 price target for the company in a report on Wednesday, February 14th. Finally, Susquehanna Bancshares set a $61.00 price target on shares of General Mills and gave the stock a hold rating in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $57.86.
General Mills (NYSE GIS) opened at $54.48 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. General Mills has a twelve month low of $49.65 and a twelve month high of $61.38. The firm has a market cap of $31,838.00, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.46 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. equities research analysts anticipate that General Mills will post 3.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a $0.49 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.60%. General Mills’s dividend payout ratio is presently 71.79%.
In related news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. lifted its position in General Mills by 0.3% during the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after buying an additional 11 shares in the last quarter. Associated Banc Corp lifted its position in General Mills by 0.3% during the second quarter. Associated Banc Corp now owns 28,880 shares of the company’s stock valued at $1,600,000 after buying an additional 100 shares in the last quarter. Regal Investment Advisors LLC lifted its position in General Mills by 3.3% during the second quarter. Regal Investment Advisors LLC now owns 4,110 shares of the company’s stock valued at $228,000 after buying an additional 133 shares in the last quarter. Evercore Wealth Management LLC lifted its position in General Mills by 0.7% during the second quarter. Evercore Wealth Management LLC now owns 27,401 shares of the company’s stock valued at $1,518,000 after buying an additional 196 shares in the last quarter. Finally, Richard C. Young & CO. LTD. lifted its position in General Mills by 0.4% during the second quarter. Richard C. Young & CO. LTD. now owns 66,746 shares of the company’s stock valued at $3,698,000 after buying an additional 254 shares in the last quarter. 72.89% of the stock is currently owned by institutional investors and hedge funds.
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General Mills Company Profile
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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