General Mills, Inc. (NYSE:GIS) Given a $56.00 Price Target by Piper Jaffray Companies Analysts
General Mills, Inc. (NYSE:GIS) has been given a $56.00 price target by Piper Jaffray Companies in a report released on Monday. The firm currently has a “sell” rating on the stock. Piper Jaffray Companies’ price target would indicate a potential downside of 0.67% from the company’s current price.
A number of other analysts have also recently commented on the company. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada set a $62.00 price target on General Mills and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $58.00 price target (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. UBS AG restated a “neutral” rating and issued a $58.00 price target (down previously from $61.00) on shares of General Mills in a research report on Friday, June 30th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $52.00 price target (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $59.93.
General Mills (NYSE GIS) traded up 0.37% on Monday, reaching $56.38. The company’s stock had a trading volume of 3,412,534 shares. The stock has a 50-day moving average of $55.28 and a 200-day moving average of $58.21. The stock has a market cap of $32.54 billion, a P/E ratio of 20.35 and a beta of 0.61. General Mills has a one year low of $53.24 and a one year high of $71.96.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, analysts predict that General Mills will post $3.11 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in GIS. Alpha Windward LLC raised its position in shares of 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 during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in shares of General Mills by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,023,137 shares of the company’s stock worth $72,970,000 after buying an additional 4,378 shares during the last quarter. Ffcm LLC purchased a new position in shares of General Mills during the fourth quarter worth approximately $1,481,000. Great West Life Assurance Co. Can raised its position in shares of General Mills by 9.2% in the third quarter. Great West Life Assurance Co. Can now owns 846,828 shares of the company’s stock worth $54,035,000 after buying an additional 71,043 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in shares of 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 during the last quarter. 70.97% 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.
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