General Mills Inc. (GIS) Given Hold Rating at Credit Suisse Group AG
General Mills Inc. (NYSE:GIS)‘s stock had its “hold” rating reissued by research analysts at Credit Suisse Group AG in a research report issued on Thursday. They presently have a $68.00 target price on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 4.20% from the stock’s previous close.
A number of other research analysts also recently issued reports on GIS. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 target price (up from $64.00) on shares of General Mills in a research report on Friday, June 17th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $63.00 price objective (up previously from $62.00) on shares of General Mills in a report on Thursday, June 23rd. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, June 24th. Susquehanna reaffirmed a “hold” rating and issued a $59.00 price objective on shares of General Mills in a report on Tuesday, June 28th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $76.00 price objective (up previously from $72.00) on shares of General Mills in a report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $67.93.
Shares of General Mills (NYSE:GIS) traded down 0.58% on Thursday, hitting $64.88. 1,783,243 shares of the company were exchanged. The stock has a market capitalization of $38.73 billion, a PE ratio of 23.42 and a beta of 0.38. General Mills has a 52-week low of $53.53 and a 52-week high of $72.95. The firm’s 50-day moving average is $69.28 and its 200-day moving average is $66.06.
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General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 21st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The company earned $3.91 billion during the quarter. General Mills had a net margin of 10.25% and a return on equity of 33.96%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Equities research analysts predict that General Mills will post $3.10 earnings per share for the current year.
In other General Mills news, COO Jeffrey L. Harmening sold 33,150 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $71.05, for a total value of $2,355,307.50. Following the transaction, the chief operating officer now directly owns 133,106 shares in the company, valued at approximately $9,457,181.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael D. Rose sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $72.32, for a total transaction of $723,200.00. Following the completion of the transaction, the director now owns 71,240 shares in the company, valued at $5,152,076.80. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Lenox Wealth Management Inc. raised its position in General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,078 shares of the company’s stock valued at $220,000 after buying an additional 9 shares during the last quarter. Lenox Wealth Advisors Inc. raised its position in General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock valued at $127,000 after buying an additional 13 shares during the last quarter. Wagner Bowman Management Corp raised its position in General Mills by 0.3% in the first quarter. Wagner Bowman Management Corp now owns 10,308 shares of the company’s stock valued at $653,000 after buying an additional 26 shares during the last quarter. Piershale Financial Group Inc. raised its position in 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 last quarter. Finally, Hanson McClain Inc. raised its position in General Mills by 1.4% in the second quarter. Hanson McClain Inc. now owns 2,344 shares of the company’s stock valued at $167,000 after buying an additional 33 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.
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.
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