General Mills Receives Consensus Rating of “Hold” from Brokerages (NYSE:GIS)
General Mills (NYSE:GIS) has been given an average rating of “Hold” by the sixteen brokerages that are presently covering the stock, Analyst Ratings News reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $50.50.
General Mills (NYSE:GIS) traded down 0.34% during mid-day trading on Monday, hitting $52.88. The stock had a trading volume of 181,310 shares. General Mills has a one year low of $46.70 and a one year high of $55.64. The stock has a 50-day moving average of $53.81 and a 200-day moving average of $51.58. The company has a market cap of $32.389 billion and a price-to-earnings ratio of 18.75.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, June 25th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.05. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that General Mills will post $3.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, July 8th.
A number of analysts have recently weighed in on GIS shares. Analysts at S&P Equity Research downgraded shares of General Mills to a “hold” rating in a research note on Thursday, July 10th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of General Mills from $51.00 to $52.00 in a research note on Wednesday, July 9th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Mills in a research note on Friday, June 27th. They now have a $55.00 price target on the stock.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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