General Mills, Inc. (NYSE:GIS) has been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $62.63.
Several equities analysts have recently commented on the company. Morgan Stanley lowered their target price on General Mills from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, January 14th. Jefferies Financial Group cut their price objective on General Mills from $64.00 to $59.00 and set a “hold” rating for the company in a research report on Tuesday, January 12th. Credit Suisse Group cut their price objective on General Mills from $64.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, January 15th. Zacks Investment Research downgraded shares of General Mills from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a research note on Monday, November 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of General Mills from $62.00 to $55.00 in a research note on Tuesday, January 19th.
In related news, insider Jodi J. Benson sold 5,213 shares of General Mills stock in a transaction dated Thursday, December 31st. The shares were sold at an average price of $58.53, for a total transaction of $305,116.89. Also, insider John R. Church sold 27,000 shares of General Mills stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $60.35, for a total transaction of $1,629,450.00. Following the sale, the insider now directly owns 76,916 shares of the company’s stock, valued at approximately $4,641,880.60. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the stock. Regentatlantic Capital LLC boosted its holdings in General Mills by 78.2% in the 3rd quarter. Regentatlantic Capital LLC now owns 25,791 shares of the company’s stock valued at $1,591,000 after purchasing an additional 11,315 shares during the period. Aptus Capital Advisors LLC increased its position in General Mills by 8.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,714 shares of the company’s stock worth $290,000 after purchasing an additional 351 shares in the last quarter. Louisiana State Employees Retirement System increased its position in General Mills by 18.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the company’s stock worth $1,912,000 after purchasing an additional 4,900 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in General Mills by 14.6% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 6,772 shares of the company’s stock valued at $418,000 after acquiring an additional 864 shares during the period. Finally, CWM LLC increased its position in General Mills by 7.6% in the 3rd quarter. CWM LLC now owns 6,327 shares of the company’s stock valued at $390,000 after acquiring an additional 447 shares during the period. 73.17% of the stock is owned by institutional investors and hedge funds.
NYSE GIS traded down $0.05 during mid-day trading on Thursday, hitting $56.12. The stock had a trading volume of 39,269 shares, compared to its average volume of 4,756,838. General Mills has a 52-week low of $46.59 and a 52-week high of $66.14. The company has a market cap of $34.31 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.98 and a beta of 0.57. The company has a 50 day simple moving average of $57.03 and a 200 day simple moving average of $59.94. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 1.24.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 16th. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.09. General Mills had a return on equity of 28.60% and a net margin of 13.16%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that General Mills will post 3.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Friday, April 9th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $2.04 dividend on an annualized basis and a yield of 3.64%. General Mills’s payout ratio is presently 56.51%.
About General Mills
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
Read More: What is total return in investing?
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.