General Mills (GIS) Given a $57.00 Price Target by Susquehanna Bancshares Analysts
General Mills (NYSE:GIS) received a $57.00 target price from stock analysts at Susquehanna Bancshares in a report released on Wednesday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ price target indicates a potential upside of 0.94% from the company’s previous close.
GIS has been the topic of a number of other reports. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Jefferies Group assumed coverage on shares of General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 price target on the stock. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Royal Bank of Canada dropped their price target on shares of General Mills from $62.00 to $58.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 21st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average price target of $56.66.
General Mills (GIS) traded up $0.41 on Wednesday, reaching $56.47. 4,273,993 shares of the company’s stock were exchanged, compared to its average volume of 3,719,034. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $31,764.44, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66. General Mills has a 52-week low of $49.65 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 for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. sell-side analysts expect that General Mills will post 3.1 EPS for the current year.
A number of institutional investors have recently bought and sold shares of GIS. Cornerstone Wealth Management LLC bought a new stake in General Mills during the 1st quarter worth approximately $275,000. RFG Advisory Group LLC bought a new stake in General Mills during the 1st quarter worth approximately $297,000. Opus Investment Management Inc. increased its holdings in General Mills by 11.3% during the 1st quarter. Opus Investment Management Inc. now owns 98,700 shares of the company’s stock worth $5,824,000 after acquiring an additional 10,000 shares during the period. Ngam Advisors L.P. increased its holdings in General Mills by 15.5% during the 1st quarter. Ngam Advisors L.P. now owns 20,405 shares of the company’s stock worth $1,204,000 after acquiring an additional 2,732 shares during the period. Finally, Financial Counselors Inc. increased its holdings in General Mills by 25.8% during the 1st quarter. Financial Counselors Inc. now owns 133,474 shares of the company’s stock worth $7,876,000 after acquiring an additional 27,345 shares during the period. 72.78% of the stock is currently owned by institutional investors and hedge funds.
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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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