General Mills, Inc. (NYSE:GIS)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a note issued to investors on Tuesday.

Other equities research analysts also recently issued reports about the company. UBS AG restated a “neutral” rating and set a $61.00 price objective (down from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $58.98 target price on the stock in a research note on Monday, May 1st. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Piper Jaffray Companies began coverage on General Mills in a research note on Wednesday, May 24th. They set an “underweight” rating and a $57.00 target price on the stock. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $58.00 target price (down previously from $59.00) on shares of General Mills in a research note on Friday, June 30th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.93.

Shares of General Mills (NYSE:GIS) traded down 1.06% during trading on Tuesday, hitting $55.78. The stock had a trading volume of 3,124,881 shares. The stock has a 50 day moving average of $55.07 and a 200 day moving average of $58.17. The company has a market cap of $32.19 billion, a PE ratio of 20.14 and a beta of 0.61. General Mills has a 12 month low of $53.24 and a 12 month high of $71.96.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts forecast that General Mills will post $3.11 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in GIS. ARGI Investment Services LLC boosted its position in shares of General Mills by 91.6% in the second quarter. ARGI Investment Services LLC now owns 31,273 shares of the company’s stock valued at $1,732,000 after buying an additional 14,952 shares during the period. Covington Investment Advisors Inc. boosted its position in shares of General Mills by 0.9% in the second quarter. Covington Investment Advisors Inc. now owns 54,365 shares of the company’s stock valued at $3,012,000 after buying an additional 465 shares during the period. Crawford Investment Counsel Inc. boosted its position in shares of General Mills by 78.8% in the second quarter. Crawford Investment Counsel Inc. now owns 308,863 shares of the company’s stock valued at $17,111,000 after buying an additional 136,109 shares during the period. Principal Financial Group Inc. boosted its position in shares of General Mills by 38.9% in the second quarter. Principal Financial Group Inc. now owns 1,173,842 shares of the company’s stock valued at $65,031,000 after buying an additional 328,575 shares during the period. Finally, Motco boosted its position in shares of General Mills by 11.1% in the second quarter. Motco now owns 59,742 shares of the company’s stock valued at $3,310,000 after buying an additional 5,953 shares during the period. 70.97% 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 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.

Analyst Recommendations for General Mills (NYSE:GIS)

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