General Mills, Inc. (NYSE:GIS)‘s stock had its “underweight” rating reissued by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Monday. They presently have a $56.00 price target on the stock, down from their previous price target of $57.00. Piper Jaffray Companies’ target price suggests a potential downside of 1.96% from the company’s current price.

Several other analysts also recently commented on GIS. BMO Capital Markets restated a “hold” rating and set a $67.00 target price on shares of General Mills in a report on Thursday. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $59.00 price target (down from $62.00) on shares of General Mills in a research note on Tuesday, May 30th. Finally, Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Thursday, March 23rd. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.61.

Analyst Recommendations for General Mills (NYSE:GIS)

Shares of General Mills (GIS) traded up 0.04% on Monday, reaching $57.12. 3,622,301 shares of the company were exchanged. The stock has a 50 day moving average price of $56.96 and a 200-day moving average price of $59.84. The stock has a market capitalization of $32.91 billion, a P/E ratio of 21.16 and a beta of 0.60. General Mills has a 12 month low of $55.57 and a 12 month high of $72.95. General Mills also was the recipient of unusually large options trading activity on Monday. Investors bought 347 put options on the stock. This represents an increase of 122% compared to the typical daily volume of 156 put options.

General Mills (NYSE:GIS) last announced its earnings results on Tuesday, March 21st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.82 billion. General Mills had a net margin of 10.34% and a return on equity of 37.15%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. On average, equities analysts expect that General Mills will post $3.05 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “General Mills’ (GIS) “Underweight” Rating Reiterated at Piper Jaffray Companies” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/06/19/general-mills-gis-underweight-rating-reiterated-at-piper-jaffray-companies.html.

In related news, insider Jonathon Nudi acquired 1,800 shares of General Mills stock in a transaction on Wednesday, April 12th. The stock was purchased at an average cost of $57.45 per share, with a total value of $103,410.00. Following the completion of the transaction, the insider now directly owns 34,077 shares in the company, valued at approximately $1,957,723.65. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Alpha Windward LLC increased its stake in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock worth $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp increased its stake in General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock worth $372,000 after buying an additional 162 shares in the last quarter. Smith Moore & CO. increased its stake in General Mills by 0.4% in the fourth quarter. Smith Moore & CO. now owns 10,791 shares of the company’s stock worth $667,000 after buying an additional 40 shares in the last quarter. Integrated Wealth Management increased its stake in General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock worth $519,000 after buying an additional 54 shares in the last quarter. Finally, Moreno Evelyn V increased its stake in General Mills by 20.5% in the first quarter. Moreno Evelyn V now owns 41,745 shares of the company’s stock worth $2,463,000 after buying an additional 7,100 shares in the last quarter. 70.51% of the stock is owned by institutional investors.

About General Mills

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.

Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with MarketBeat.com's FREE daily email newsletter.