General Mills, Inc. (NYSE:GIS) was upgraded by equities researchers at Consumer Edge from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday.

GIS has been the topic of several other research reports. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price on the stock in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus lowered their target price on shares of General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, June 29th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $59.52.

Shares of General Mills (NYSE:GIS) traded up 1.26% on Friday, reaching $55.35. 3,388,949 shares of the company’s stock traded hands. General Mills has a 52 week low of $52.76 and a 52 week high of $66.53. The company has a 50 day moving average price of $55.64 and a 200 day moving average price of $57.06. The firm has a market capitalization of $31.94 billion, a price-to-earnings ratio of 19.98 and a beta of 0.62.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. General Mills’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. On average, equities research analysts predict that General Mills will post $3.11 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in GIS. Lenox Wealth Advisors Inc. boosted its holdings in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in shares of General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after buying an additional 69 shares during the period. Hanson McClain Inc. boosted its holdings in shares of General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after buying an additional 627 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after buying an additional 253 shares during the period. Institutional investors own 69.49% 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 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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