General Mills, Inc. (GIS) PT Set at $58.00 by Royal Bank Of Canada
General Mills, Inc. (NYSE:GIS) has been given a $58.00 price target by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 11.52% from the stock’s current price.
A number of other research firms also recently issued reports on GIS. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $58.00 target price on shares of General Mills in a research report on Tuesday, September 19th. Stifel Nicolaus dropped 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 report on Thursday, June 29th. Finally, Piper Jaffray Companies set a $56.00 price target on shares of General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.60.
Shares of General Mills (GIS) traded down 0.67% during midday trading on Monday, hitting $51.66. 1,449,046 shares of the stock traded hands. The stock has a market capitalization of $29.36 billion, a P/E ratio of 18.51 and a beta of 0.61. The firm has a 50-day moving average price of $52.87 and a 200-day moving average price of $55.45. General Mills has a 52 week low of $50.12 and a 52 week high of $64.06.
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 analysts predict that General Mills will post $3.08 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of General Mills by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after acquiring an additional 533,919 shares in the last quarter. American Century Companies Inc. grew its stake in shares of General Mills by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock worth $539,908,000 after acquiring an additional 659,156 shares in the last quarter. Morgan Stanley grew its stake in shares of General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after acquiring an additional 1,603,577 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of General Mills by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after acquiring an additional 295,119 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of General Mills by 17.0% in the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock worth $268,283,000 after acquiring an additional 660,726 shares in the last quarter. Hedge funds and other institutional investors own 70.45% 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.
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