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

  • 9/25/2017 – General Mills had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $53.00 price target on the stock.
  • 9/22/2017 – General Mills had its price target lowered by analysts at Wells Fargo & Company from $56.00 to $53.00. They now have a “market perform” rating on the stock.
  • 9/21/2017 – General Mills had its price target lowered by analysts at Royal Bank Of Canada from $62.00 to $58.00. They now have a “sector perform” rating on the stock.
  • 9/21/2017 – 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 reported first-quarter fiscal 2018 results, with both earnings and revenues falling shy of the expectations. Adjusted earnings and revenues declined 9% and 3.5%, respectively, year over year due to weak sales across the board, barring Convenience Stores & Foodservice, and Europe & Australia segments. Its core U.S. Retail business’ sales declined 5% primarily due to double-digit declines in the U.S. yogurt operating unit and 7% decline in cereals. Meanwhile, General Mills' shares have underperformed the industry so far this year. Nevertheless, the company remains optimistic about the rest of fiscal 2018 and believes retail sales to contribute positively, beginning second quarter. Although, we do not expect significant sales growth in the near term, the declines are expected to get narrower as the company focuses more on sales growth, banking on product innovations.”
  • 9/21/2017 – General Mills had its price target lowered by analysts at Bank of America Corporation from $61.00 to $55.00. They now have a “neutral” rating on the stock.
  • 9/21/2017 – General Mills had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $52.00 price target on the stock, down previously from $55.00.
  • 9/21/2017 – General Mills had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $67.00 price target on the stock.
  • 9/21/2017 – General Mills had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $55.00 price target on the stock, down previously from $58.00.
  • 9/21/2017 – General Mills had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $57.00 price target on the stock, down previously from $60.00.
  • 9/21/2017 – General Mills had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $53.00 price target on the stock.
  • 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.

Shares of General Mills, Inc. (GIS) traded down 0.95% during mid-day trading on Tuesday, hitting $51.32. 3,435,750 shares of the stock traded hands. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 18.39 and a beta of 0.62. General Mills, Inc. has a 52 week low of $50.40 and a 52 week high of $64.06. The firm’s 50-day moving average is $54.70 and its 200-day moving average is $56.19.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. On average, analysts forecast that General Mills, Inc. will post $3.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.82%. General Mills’s dividend payout ratio is presently 70.25%.

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.

Receive News & Ratings for General Mills Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc and related companies with MarketBeat.com's FREE daily email newsletter.