General Mills Inc. (NYSE:GIS)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a report released on Thursday. They currently have a $74.00 price objective on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 13.39% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group AG reissued a “hold” rating and issued a $68.00 price target on shares of General Mills in a research note on Thursday. Consumer Edge cut shares of General Mills from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Deutsche Bank AG reissued a “hold” rating and issued a $67.00 price target on shares of General Mills in a research note on Wednesday, September 14th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Finally, Morgan Stanley reissued a “hold” rating on shares of General Mills in a research note on Sunday, July 17th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $67.93.

Analyst Recommendations for General Mills (NYSE:GIS)

General Mills (NYSE:GIS) traded down 0.61% on Thursday, reaching $64.86. 918,369 shares of the company’s stock were exchanged. General Mills has a one year low of $53.53 and a one year high of $72.95. The firm has a market cap of $38.72 billion, a PE ratio of 23.42 and a beta of 0.38. The firm has a 50 day moving average price of $69.28 and a 200 day moving average price of $66.06.

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General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $3.91 billion for the quarter. General Mills had a net margin of 10.25% and a return on equity of 33.96%. General Mills’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. On average, equities analysts anticipate that General Mills will post $3.10 earnings per share for the current year.

In other news, Director Paul Danos sold 20,000 shares of General Mills stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $71.53, for a total transaction of $1,430,600.00. Following the transaction, the director now owns 43,799 shares in the company, valued at approximately $3,132,942.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael D. Rose sold 10,000 shares of General Mills stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $71.11, for a total value of $711,100.00. Following the transaction, the director now owns 79,954 shares in the company, valued at approximately $5,685,528.94. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Woodley Farra Manion Portfolio Management Inc. raised its position in General Mills by 13.3% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 43,831 shares of the company’s stock valued at $2,777,000 after buying an additional 5,140 shares in the last quarter. Fisher Asset Management LLC raised its position in General Mills by 44.6% in the first quarter. Fisher Asset Management LLC now owns 6,748 shares of the company’s stock valued at $421,000 after buying an additional 2,081 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of General Mills by 1.8% in the first quarter. Joel Isaacson & Co. LLC now owns 6,147 shares of the company’s stock valued at $389,000 after buying an additional 110 shares during the period. Piershale Financial Group Inc. raised its stake in shares of General Mills by 0.8% in the first quarter. Piershale Financial Group Inc. now owns 4,263 shares of the company’s stock valued at $270,000 after buying an additional 33 shares during the period. Finally, Nicolet Bankshares Inc. raised its stake in shares of General Mills by 10.1% in the first quarter. Nicolet Bankshares Inc. now owns 6,983 shares of the company’s stock valued at $442,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.

5 Day Chart for NYSE:GIS

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