General Mills (NYSE:GIS) has been assigned a $60.00 price objective by equities researchers at Susquehanna Bancshares in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential downside of 0.22% from the company’s current price.
Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Friday, September 15th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and issued a $67.00 target price on shares of General Mills in a report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 target price (down previously from $55.00) on shares of General Mills in a report on Thursday, September 21st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of General Mills in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. General Mills currently has a consensus rating of “Hold” and an average target price of $57.52.
Shares of General Mills (NYSE:GIS) traded up $0.60 during trading hours on Tuesday, hitting $60.13. 6,497,983 shares of the company’s stock were exchanged, compared to its average volume of 4,430,000. The firm has a market cap of $34,520.00, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.63 and a beta of 0.66. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business earned $0.85 EPS. General Mills’s quarterly revenue was up 2.1% compared to the same quarter last year. sell-side analysts expect that General Mills will post 3.12 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in GIS. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC increased its stake in General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares in the last quarter. Grove Bank & Trust increased its stake in General Mills by 322.7% in the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Spectrum Management Group Inc. bought a new stake in General Mills in the third quarter valued at approximately $135,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.
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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.
General Mills (NYSE:GIS) has been assigned a $60.00 price objective by equities researchers at Susquehanna Bancshares in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential downside of 0.22% from the company’s current price.
Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Friday, September 15th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and issued a $67.00 target price on shares of General Mills in a report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 target price (down previously from $55.00) on shares of General Mills in a report on Thursday, September 21st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of General Mills in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. General Mills currently has a consensus rating of “Hold” and an average target price of $57.52.
Shares of General Mills (NYSE:GIS) traded up $0.60 during trading hours on Tuesday, hitting $60.13. 6,497,983 shares of the company’s stock were exchanged, compared to its average volume of 4,430,000. The firm has a market cap of $34,520.00, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.63 and a beta of 0.66. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business earned $0.85 EPS. General Mills’s quarterly revenue was up 2.1% compared to the same quarter last year. sell-side analysts expect that General Mills will post 3.12 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in GIS. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC increased its stake in General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares in the last quarter. Grove Bank & Trust increased its stake in General Mills by 322.7% in the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Spectrum Management Group Inc. bought a new stake in General Mills in the third quarter valued at approximately $135,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was posted by American Market News and is the property of of American Market News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/12/24/general-mills-gis-given-a-60-00-price-target-at-susquehanna-bancshares.html.
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.
