General Mills, Inc. (GIS) Receives Consensus Recommendation of “Hold” from Analysts
General Mills, Inc. (NYSE:GIS) has been given an average recommendation of “Hold” by the twenty-two research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.56.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Thursday, September 21st. Citigroup reaffirmed a “buy” rating and set a $67.00 price target on shares of General Mills in a research report on Thursday, September 21st. Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the company a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 price target (down previously from $55.00) on shares of General Mills in a research report on Thursday, September 21st. Finally, Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th.
Shares of General Mills (NYSE GIS) traded down $0.46 during trading on Friday, hitting $58.66. The stock had a trading volume of 2,298,700 shares, compared to its average volume of 3,078,983. The firm has a market cap of $33,790.00, a PE ratio of 21.49, a P/E/G ratio of 2.61 and a beta of 0.66. General Mills has a fifty-two week low of $49.65 and a fifty-two week high of $63.73. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, January 9th. General Mills’s payout ratio is 71.79%.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the sale, the insider now owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Davis R M Inc. grew its stake in shares of General Mills by 0.8% during the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after purchasing an additional 34 shares in the last quarter. Tdam USA Inc. grew its stake in shares of General Mills by 0.4% during the second quarter. Tdam USA Inc. now owns 28,063 shares of the company’s stock worth $1,543,000 after purchasing an additional 116 shares in the last quarter. Advisor Partners LLC grew its stake in shares of General Mills by 16.1% during the second quarter. Advisor Partners LLC now owns 9,651 shares of the company’s stock worth $535,000 after purchasing an additional 1,338 shares in the last quarter. Greatmark Investment Partners Inc. grew its stake in shares of General Mills by 14.7% during the second quarter. Greatmark Investment Partners Inc. now owns 33,806 shares of the company’s stock worth $1,873,000 after purchasing an additional 4,340 shares in the last quarter. Finally, Pioneer Investment Management Inc. grew its stake in shares of General Mills by 44.6% during the second quarter. Pioneer Investment Management Inc. now owns 493,058 shares of the company’s stock worth $27,315,000 after purchasing an additional 152,158 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.
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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.
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