General Mills (NYSE:GIS)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a research report issued to clients and investors on Wednesday.
GIS has been the subject of several other research reports. Piper Jaffray Companies upgraded General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a report on Wednesday, January 3rd. Edward Jones reiterated a “hold” rating on shares of General Mills in a report on Wednesday, December 20th. Susquehanna Bancshares set a $60.00 price objective on General Mills and gave the stock a “hold” rating in a report on Tuesday, December 19th. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Finally, Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.28.
General Mills (GIS) opened at $54.79 on Wednesday. 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. The stock has a market capitalization of $31,251.88, a P/E ratio of 20.07, a P/E/G ratio of 2.42 and a beta of 0.61.
In other news, insider Bethany C. Quam sold 8,712 shares of the firm’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 completion of the transaction, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
A number of large investors have recently made changes to their positions in GIS. American International Group Inc. raised its stake in General Mills by 1,708.4% during the third quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after buying an additional 8,528,534 shares during the last quarter. Janus Henderson Group PLC raised its stake in General Mills by 3,178.6% during the second quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after buying an additional 2,531,664 shares during the last quarter. Stifel Financial Corp raised its stake in General Mills by 28,570.2% during the third quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock valued at $86,610,000 after buying an additional 1,665,641 shares during the last quarter. American Century Companies Inc. raised its stake in General Mills by 15.9% during the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after buying an additional 1,550,074 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in General Mills by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 8,499,301 shares of the company’s stock valued at $503,923,000 after buying an additional 1,009,126 shares during the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.
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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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