General Mills, Inc. (GIS) Receives Average Recommendation of “Hold” from Analysts

Shares of General Mills, Inc. (NYSE:GIS) have been assigned an average recommendation of “Hold” from the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.56.

Several brokerages have issued reports on GIS. 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. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Edward Jones reiterated a “hold” rating on shares of General Mills in a research report on Wednesday, December 20th. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group set a $60.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Thursday, December 21st.

Shares of General Mills (GIS) traded down $0.36 during midday trading on Tuesday, reaching $54.56. 617,924 shares of the company’s stock traded hands, compared to its average volume of 3,291,701. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills has a 1 year low of $49.65 and a 1 year high of $63.73. The firm has a market cap of $31,138.08, a PE ratio of 19.98, a P/E/G ratio of 2.41 and a beta of 0.61.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 2.1% on a year-over-year basis. analysts expect that General Mills will post 3.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Tuesday, January 9th. General Mills’s dividend payout ratio is presently 71.79%.

In related news, insider Bethany C. Quam sold 8,712 shares of the 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 transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 acquiring an additional 1,647 shares in the last quarter. 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 acquiring an additional 1,878 shares in the last quarter. Spectrum Management Group Inc. bought a new position in General Mills during the third quarter worth $135,000. Tradewinds Capital Management LLC boosted its stake in General Mills by 127.3% during 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 in the last quarter. Finally, Front Row Advisors LLC bought a new position in General Mills during the fourth quarter worth $166,000. 72.59% of the stock is currently 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.

Analyst Recommendations for General Mills (NYSE:GIS)

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