Several brokerages have updated their recommendations and price targets on shares of General Mills (NYSE: GIS) in the last few weeks:

  • 3/21/2017 – General Mills was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating.
  • 3/20/2017 – General Mills was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. Sales and profits at the U.S. Retail segment, contributing 60% to sales, have been soft due to lower demand amid changing consumer food preferences. The company is on track to achieve its cost savings target for fiscal 2018 as it forges ahead with its margin expansion efforts. Though various initiatives helped improve the top line in segments like cereals and snacks in fiscal 2016, we believe a material improvement will take time. The company’s shares have also underperformed the Zacks categorized Food-Miscellaneous/Diversified industry year-to-date.”
  • 3/12/2017 – General Mills had its “hold” rating reaffirmed by analysts at Royal Bank of Canada.
  • 3/10/2017 – General Mills was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. Sales and profits at the U.S. Retail segment, contributing 60% to sales, have been soft due to lower demand amid changing consumer food preferences. The company is on track to achieve its cost savings target for fiscal 2018 as it forges ahead with its margin expansion efforts. Though various initiatives helped improve the top line in segments like cereals and snacks in fiscal 2016, we believe a material improvement will take time. The company’s shares have also underperformed the Zacks categorized Food-Miscellaneous/Diversified industry in the last one year.”
  • 2/23/2017 – General Mills was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “General Mills’ sales and profits at the U.S. Retail segment, contributing 60% to its sales, have been soft due to lower demand amid changing consumer food preferences. Shift in consumer preference towards products with less artificial ingredients and changes in consumer dynamics, such as increased need for portable and on-the-go products, is affecting growth prospects. Also, the company’s shares have also underperformed the Zacks categorized Food-Miscellaneous/Diversified industry in the last six months. Though the company remains on track to update its products in accordance with the changing needs, we believe a material improvement will take time.”
  • 2/15/2017 – General Mills is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $61.00 price target on the stock.
  • 2/2/2017 – General Mills had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $65.00 price target on the stock.

Shares of General Mills, Inc. (NYSE:GIS) opened at 60.26 on Tuesday. The company’s 50-day moving average price is $61.33 and its 200-day moving average price is $62.51. The company has a market capitalization of $34.95 billion, a price-to-earnings ratio of 22.50 and a beta of 0.56. General Mills, Inc. has a one year low of $58.70 and a one year high of $72.95.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, April 6th. General Mills’s payout ratio is 71.64%.

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In other General Mills news, Director Robert L. Ryan sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $60.83, for a total transaction of $1,216,600.00. Following the completion of the transaction, the director now owns 54,676 shares of the company’s stock, valued at approximately $3,325,941.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

5 Day Chart for NYSE:GIS

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