General Mills (NYSE:GIS – Get Free Report) had its price objective lowered by stock analysts at Barclays from $60.00 to $54.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 6.91% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company set a $53.00 target price on shares of General Mills and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from $67.00 to $63.00 in a research note on Thursday. Jefferies Financial Group boosted their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. UBS Group dropped their price target on shares of General Mills from $54.00 to $52.00 and set a “sell” rating for the company in a research note on Friday, June 6th. Finally, Bank of America dropped their price target on shares of General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.50.
Get Our Latest Stock Report on General Mills
General Mills Trading Up 0.3%
General Mills (NYSE:GIS – Get Free Report) last announced its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. As a group, equities analysts expect that General Mills will post 4.36 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in General Mills by 2.8% during the fourth 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. boosted its holdings in shares of General Mills by 434.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after buying an additional 15,480,835 shares during the period. Geode Capital Management LLC boosted its holdings in shares of General Mills by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company’s stock valued at $923,907,000 after buying an additional 136,895 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of General Mills by 8.1% in the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock valued at $589,814,000 after buying an additional 741,432 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of General Mills by 18.4% in the fourth quarter. Northern Trust Corp now owns 8,061,793 shares of the company’s stock valued at $514,101,000 after buying an additional 1,253,483 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.
About General Mills
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.
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