General Mills (GIS) Earns Buy Rating from Jefferies Group

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.

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, hitting the consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue was up 2.1% on a year-over-year basis. analysts predict that General Mills will post 3.12 earnings per share for the current year.

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.

Analyst Recommendations for General Mills (NYSE:GIS)

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