General Mills Inc. (NYSE:GIS)‘s stock had its “hold” rating restated by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Thursday. They currently have a $68.00 price objective on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 4.20% from the stock’s previous close.

Several other research analysts have also commented on GIS. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 target price (up previously from $64.00) on shares of General Mills in a research report on Friday, June 17th. Deutsche Bank AG reiterated a “hold” rating and issued a $63.00 target price (up previously from $62.00) on shares of General Mills in a research report on Thursday, June 23rd. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, June 24th. Susquehanna reiterated a “hold” rating and issued a $59.00 target price on shares of General Mills in a research report on Tuesday, June 28th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $76.00 target price (up previously from $72.00) on shares of General Mills in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.93.

Shares of General Mills (NYSE:GIS) traded down 0.61% on Thursday, reaching $64.86. The company had a trading volume of 920,456 shares. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 23.42 and a beta of 0.38. General Mills has a 12 month low of $53.53 and a 12 month high of $72.95. The stock 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. General Mills had a return on equity of 33.96% and a net margin of 10.25%. The firm earned $3.91 billion during the quarter. General Mills’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. Analysts forecast that General Mills will post $3.10 EPS for the current fiscal year.

In other news, Director Michael D. Rose sold 10,000 shares of the business’s 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 sale, the director now owns 79,954 shares of the company’s stock, valued at approximately $5,685,528.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Church sold 99,373 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $71.17, for a total value of $7,072,376.41. Following the completion of the sale, the insider now directly owns 108,311 shares in the company, valued at approximately $7,708,493.87. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Hallmark Capital Management Inc. bought a new position in shares of General Mills during the second quarter worth about $103,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of General Mills during the second quarter worth about $107,000. Brick & Kyle Associates boosted its position in shares of General Mills by 6.7% in the second quarter. Brick & Kyle Associates now owns 1,592 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Lenox Wealth Advisors Inc. boosted its position in shares of General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock worth $127,000 after buying an additional 13 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in shares of General Mills by 5.7% in the second quarter. Hanson & Doremus Investment Management now owns 1,866 shares of the company’s stock worth $133,000 after buying an additional 100 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

General Mills Company Profile

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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