General Mills (NYSE:GIS) has been assigned a $62.00 price objective by investment analysts at Credit Suisse Group in a report released on Thursday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 4.89% from the stock’s current price.
Several other research analysts have also commented on the stock. Susquehanna Bancshares set a $61.00 price target on shares of General Mills and gave the stock a “hold” rating in a research note on Friday, January 5th. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a research note on Wednesday, January 3rd. Argus restated a “hold” rating on shares of General Mills in a research note on Wednesday, December 27th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Finally, Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the stock a “buy” rating in a research note on Thursday, December 21st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the stock. General Mills currently has an average rating of “Hold” and a consensus target price of $58.28.
General Mills (NYSE GIS) traded up $0.45 during trading on Thursday, reaching $59.11. 4,130,381 shares of the company’s stock traded hands, compared to its average volume of 3,820,000. The firm has a market cap of $33,640.00, a price-to-earnings ratio of 21.65, a PEG ratio of 2.59 and a beta of 0.66. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. General Mills has a 1 year low of $49.65 and a 1 year high of $63.73.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts expect that General Mills will post 3.12 EPS for the current fiscal year.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cable Hill Partners LLC boosted its holdings in General Mills by 274.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the period. Grove Bank & Trust boosted its holdings in General Mills by 322.7% in the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares during the period. Tradewinds Capital Management LLC boosted its holdings in General Mills by 127.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the period. Spectrum Management Group Inc. bought a new stake in General Mills in the 3rd quarter valued at $135,000. Finally, Americafirst Capital Management LLC bought a new stake in General Mills in the 2nd quarter valued at $158,000. 72.58% of the stock is 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.