General Mills (NYSE:GIS) has been assigned a $65.00 target price by equities researchers at Wells Fargo & Company in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Wells Fargo & Company’s target price suggests a potential upside of 10.62% from the stock’s current price.
Several other analysts also recently commented on GIS. Susquehanna Bancshares set a $60.00 price objective on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday. Edward Jones reissued a “hold” rating on shares of General Mills in a research report on Wednesday. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group set a $60.00 price objective on shares of General Mills and gave the company a “hold” rating in a research report on Thursday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $57.00 price objective (down from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $57.88.
Shares of General Mills (NYSE GIS) traded up $1.13 during midday trading on Thursday, reaching $58.76. 6,879,000 shares of the company’s stock traded hands, compared to its average volume of 3,764,901. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. General Mills has a 1-year low of $49.65 and a 1-year high of $63.73. The company has a market cap of $32,753.35, a price-to-earnings ratio of 19.15, a PEG ratio of 2.14 and a beta of 0.66.
Hedge funds have recently bought and sold shares of the stock. Lenox Wealth Advisors Inc. boosted its stake in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC boosted its stake in General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after buying an additional 1,647 shares during the period. Grove Bank & Trust boosted its stake in General Mills by 322.7% during the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after buying an additional 1,878 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after buying an additional 69 shares during the period. Finally, IHT Wealth Management LLC lifted its position in shares of General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after purchasing an additional 627 shares during the last quarter. 72.62% of the stock is owned by hedge funds and other institutional investors.
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.
