General Mills, Inc. (GIS) Receives Average Rating of “Hold” from Brokerages
Shares of General Mills, Inc. (NYSE:GIS) have earned an average rating of “Hold” from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $59.11.
GIS has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed a “neutral” rating and set a $56.00 price objective (down previously from $65.00) on shares of General Mills in a research report on Friday, May 19th. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies initiated coverage on General Mills in a research note on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 price target for the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $59.00 price target (down from $62.00) on shares of General Mills in a research note on Tuesday, May 30th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, June 15th.
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General Mills (NYSE:GIS) traded up 1.36% during trading on Friday, hitting $55.80. The stock had a trading volume of 4,350,245 shares. The stock has a market capitalization of $32.20 billion, a PE ratio of 20.14 and a beta of 0.62. General Mills has a 52-week low of $52.76 and a 52-week high of $65.57. The stock’s 50-day moving average is $55.73 and its 200-day moving average is $56.87.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share 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 company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts predict that General Mills will post $3.11 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Lenox Wealth Advisors Inc. grew its holdings in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares during the period. Winslow Evans & Crocker Inc. grew its holdings in General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after acquiring an additional 69 shares during the period. Hanson McClain Inc. grew its holdings in General Mills by 1.5% during the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after acquiring an additional 35 shares during the period. IHT Wealth Management LLC grew its holdings in General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after acquiring an additional 627 shares during the period. Finally, Assetmark Inc. grew its holdings in General Mills by 11.2% during the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after acquiring an additional 253 shares during the period. 69.49% of the stock is currently owned by hedge funds and other 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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