Stifel Nicolaus Lowers General Mills (NYSE:GIS) Price Target to $56.00

General Mills (NYSE:GIS) had its price target cut by stock analysts at Stifel Nicolaus from $65.00 to $56.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 10.87% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Barclays lowered their price target on General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday. Mizuho lowered their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Citigroup lowered their price target on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company set a $53.00 price target on General Mills and gave the stock an “equal weight” rating in a research report on Thursday. Finally, UBS Group lowered their price target on General Mills from $52.00 to $49.00 and set a “sell” rating for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.50.

General Mills Stock Performance

Shares of General Mills stock opened at $50.51 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $27.84 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.26 and a beta of 0.02. The business has a fifty day simple moving average of $54.34 and a two-hundred day simple moving average of $58.36. General Mills has a 12 month low of $50.19 and a 12 month high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%. General Mills’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, equities analysts forecast that General Mills will post 4.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On General Mills

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of General Mills by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company’s stock valued at $4,376,573,000 after purchasing an additional 1,868,508 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of General Mills by 434.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after purchasing an additional 15,480,835 shares during the period. Geode Capital Management LLC grew its stake in shares of General Mills by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company’s stock valued at $923,907,000 after purchasing an additional 136,895 shares during the period. Ameriprise Financial Inc. grew its stake in shares of General Mills by 8.1% during the 1st quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock valued at $589,814,000 after purchasing an additional 741,432 shares during the period. Finally, Northern Trust Corp grew its stake in shares of General Mills by 18.4% during the 4th quarter. Northern Trust Corp now owns 8,061,793 shares of the company’s stock valued at $514,101,000 after purchasing an additional 1,253,483 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.