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.
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.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/13/general-mills-gis-given-a-57-00-price-target-by-susquehanna-bancshares-analysts.html.
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.
