General Mills (NYSE:GIS) received a $61.00 price objective from equities researchers at Susquehanna Bancshares in a report issued on Friday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ target price would indicate a potential upside of 15.14% from the stock’s previous close.
Several other research firms also recently commented on GIS. Credit Suisse Group restated a “neutral” rating and set a $58.00 price objective (down previously from $62.00) on shares of General Mills in a report on Wednesday. Jefferies Group upgraded General Mills from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, February 14th. Piper Jaffray Companies upgraded 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. Argus restated a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Finally, BMO Capital Markets restated a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $58.30.
General Mills (GIS) opened at $52.98 on Friday. General Mills has a 12 month low of $49.65 and a 12 month high of $61.38. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $30,147.95, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 2.32 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 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. equities research analysts anticipate that General Mills will post 3.16 EPS for the current year.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was 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 owns 36,089 shares in the company, valued at $2,143,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in GIS. Avestar Capital LLC bought a new stake in General Mills during the fourth quarter worth $100,000. Cable Hill Partners LLC grew its holdings in General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after buying an additional 1,647 shares in the last quarter. Truewealth LLC bought a new stake in General Mills during the fourth quarter worth $119,000. Grove Bank & Trust grew its stake in General Mills by 322.7% in the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in General Mills in the 4th quarter valued at $131,000. Institutional investors and hedge funds own 72.89% of the company’s stock.
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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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