General Mills (NYSE:GIS) received a $61.00 price objective from analysts at Susquehanna Bancshares in a research note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ target price points to a potential upside of 1.80% from the stock’s previous close.
Several other research analysts have also commented on GIS. Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Friday, September 15th. Royal Bank of Canada lowered their price objective on shares of General Mills from $62.00 to $58.00 and set a “sector perform” rating for the company in a research note on Thursday, September 21st. Bank of America lowered their price objective on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price objective (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $58.17.
Shares of General Mills (NYSE:GIS) opened at $59.92 on Friday. General Mills has a 12-month low of $49.65 and a 12-month high of $63.73. The firm has a market cap of $34,097.12, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.
A number of institutional investors have recently modified their holdings of GIS. Cable Hill Partners LLC lifted its stake in General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after acquiring an additional 1,647 shares during the last quarter. Grove Bank & Trust lifted its stake in General Mills by 322.7% in the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after acquiring an additional 1,878 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after acquiring an additional 1,459 shares during the last quarter. Spectrum Management Group Inc. purchased a new position in General Mills in the third quarter worth approximately $135,000. Finally, Winslow Evans & Crocker Inc. lifted its stake in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 72.70% of the company’s stock.
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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.
