A number of research firms have changed their ratings and price targets for General Mills (NYSE: GIS):

  • 9/19/2017 – General Mills was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. The company is currently pursuing several initiatives focused on improving operational efficiency to generate cost savings and support its key growth strategies. By fiscal 2018, the company expects to achieve cost savings through increased efficiency, reduced complexity through SKU optimization, further supply chain optimization and continued expansion of zero-based budgeting across the business, which will result in accelerated margin expansion. It is on track to achieve its cost savings target for fiscal 2018 as it forges ahead with its margin expansion efforts. However, General Mills' shares have underperformed the industry so far this year. Slowing organic volumes are overshadowing minor improvements in profit margins.”
  • 9/19/2017 – General Mills had its “hold” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $58.00 price target on the stock.
  • 9/15/2017 – General Mills was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. The company is currently pursuing several initiatives focused on improving operational efficiency to generate cost savings and support its key growth strategies. By fiscal 2018, the company expects to achieve cost savings through increased efficiency, reduced complexity through SKU optimization, further supply chain optimization and continued expansion of zero-based budgeting across the business, which will result in accelerated margin expansion. It is on track to achieve its cost savings target for fiscal 2018 as it forges ahead with its margin expansion efforts. However, General Mills' shares have underperformed the industry so far this year. Slowing organic volumes are overshadowing minor improvements in profit margins.”
  • 9/8/2017 – General Mills was upgraded by analysts at Consumer Edge from a “sell” rating to a “neutral” rating.
  • 9/6/2017 – General Mills had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $60.00 price target on the stock.
  • 9/6/2017 – General Mills had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $62.00 price target on the stock.
  • 8/23/2017 – General Mills was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “General Mills' shares have underperformed the industry to which it belongs year to date. Sales and profits at the North America Retail segment, accounting for 65.3% of its sales, have been soft due to lower demand amid weak food industry trends and changing consumer preference. In fiscal 2017, sales of the segment declined 6.8% year over year. Slowing organic volumes are overshadowing minor improvements in profit margins. General Mills, like many other U.S. food producers, has been struggling due to the shift in consumer preference towards natural and organic food. Again, the guidance seems to be a shade depressing. Nonetheless, its consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. The company is also seeing impressive margin expansion with adjusted operating margin expanding 220 basis points in the last reported quarter.”
  • 8/22/2017 – General Mills was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/8/2017 – General Mills had its “hold” rating reaffirmed by analysts at BMO Capital Markets.
  • 8/7/2017 – General Mills was given a new $56.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 8/2/2017 – General Mills was given a new $62.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 8/2/2017 – General Mills was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

General Mills, Inc. (GIS) opened at 55.38 on Wednesday. The stock’s 50 day moving average is $55.75 and its 200-day moving average is $56.75. The firm has a market cap of $31.96 billion, a P/E ratio of 19.99 and a beta of 0.62. General Mills, Inc. has a 1-year low of $52.76 and a 1-year high of $65.57.

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

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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