General Mills, Inc. (GIS) Given Consensus Recommendation of “Hold” by Analysts
Shares of General Mills, Inc. (NYSE:GIS) have been given a consensus rating of “Hold” by the twenty research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $57.05.
A number of research analysts recently issued reports on GIS shares. 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 report on Wednesday, August 2nd. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $52.00 target price (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and set a $55.00 target price (down previously from $58.00) on shares of General Mills in a research report on Sunday, June 25th. Finally, Vetr upgraded 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 report on Tuesday, June 27th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pensionfund Sabic acquired a new position in General Mills during the third quarter worth $1,858,000. Pensionfund DSM Netherlands acquired a new position in General Mills during the third quarter worth $3,364,000. Curbstone Financial Management Corp raised its holdings in General Mills by 84.5% during the third quarter. Curbstone Financial Management Corp now owns 14,320 shares of the company’s stock worth $741,000 after buying an additional 6,560 shares during the last quarter. Perpetual Ltd raised its holdings in General Mills by 25.8% during the second quarter. Perpetual Ltd now owns 7,325 shares of the company’s stock worth $406,000 after buying an additional 1,500 shares during the last quarter. Finally, Bogart Wealth LLC raised its holdings in General Mills by 29.2% during the second quarter. Bogart Wealth LLC now owns 7,523 shares of the company’s stock worth $417,000 after buying an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 70.45% of the company’s stock.
Shares of General Mills (NYSE GIS) traded down 0.324% during trading on Wednesday, reaching $50.785. 1,451,499 shares of the company’s stock were exchanged. General Mills has a 52-week low of $50.13 and a 52-week high of $64.06. The stock has a market cap of $28.86 billion, a PE ratio of 18.203 and a beta of 0.61. The stock’s 50 day moving average price is $53.66 and its 200-day moving average price is $55.82.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that General Mills will post $3.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 3.85%. General Mills’s payout ratio is 70.25%.
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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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