Investors bought shares of General Mills, Inc. (NYSE:GIS) on weakness during trading hours on Friday. $233.96 million flowed into the stock on the tick-up and $31.46 million flowed out of the stock on the tick-down, for a money net flow of $202.50 million into the stock. Of all equities tracked, General Mills had the 14th highest net in-flow for the day. General Mills traded down ($0.44) for the day and closed at $50.49
Several equities research analysts recently commented on GIS shares. Susquehanna Bancshares set a $57.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Edward Jones reiterated a “hold” rating on shares of General Mills in a research report on Wednesday, December 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $58.00 price objective (down from $62.00) on shares of General Mills in a research report on Wednesday, February 21st. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $57.38.
The company has a market capitalization of $28,731.03, a price-to-earnings ratio of 16.94, a PEG ratio of 2.09 and a beta of 0.72. 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 (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.82. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. equities analysts forecast that General Mills, Inc. will post 3.17 earnings per share for the current fiscal year.
General Mills declared that its board has initiated a share buyback plan on Friday, February 23rd that permits the company to repurchase outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in GIS. Gs Investments Inc. purchased a new position in shares of General Mills during the 2nd quarter worth about $1,783,000. M Holdings Securities Inc. purchased a new position in shares of General Mills during the 2nd quarter worth about $229,000. Intl Fcstone Inc. lifted its holdings in shares of General Mills by 158.7% during the 2nd quarter. Intl Fcstone Inc. now owns 32,228 shares of the company’s stock worth $1,785,000 after acquiring an additional 19,769 shares during the period. Bogart Wealth LLC lifted its holdings in shares of General Mills by 29.2% during the 2nd quarter. Bogart Wealth LLC now owns 7,523 shares of the company’s stock worth $417,000 after acquiring an additional 1,699 shares during the period. Finally, Perpetual Ltd lifted its holdings in shares of General Mills by 25.8% during the 2nd quarter. Perpetual Ltd now owns 7,325 shares of the company’s stock worth $406,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 74.34% 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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