Shares of General Mills, Inc. (NYSE:GIS) have been assigned an average rating of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $59.36.
GIS has been the subject of several recent research reports. Royal Bank Of Canada set a $65.00 target price on shares of General Mills and gave the stock a “hold” rating in a research report on Monday, April 24th. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $58.98 target price for the company in a research report on Monday, May 1st. Credit Suisse Group reissued a “neutral” rating and set a $56.00 target price (down from $65.00) on shares of General Mills in a research report on Friday, May 19th. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Finally, Piper Jaffray Companies started coverage on shares of General Mills in a report on Wednesday, May 24th. They set an “underweight” rating and a $57.00 price target on the stock.
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General Mills (NYSE:GIS) traded down 0.29% during mid-day trading on Monday, reaching $55.33. The company had a trading volume of 2,409,518 shares. The firm’s 50-day moving average price is $55.43 and its 200-day moving average price is $58.37. The stock has a market cap of $31.93 billion, a PE ratio of 19.97 and a beta of 0.61. General Mills has a 12 month low of $53.24 and a 12 month high of $72.22.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. Equities research analysts forecast that General Mills will post $3.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio is 70.76%.
Institutional investors have recently modified their holdings of the company. Baltimore Washington Financial Advisors Inc. bought a new position in shares of General Mills during the fourth quarter worth approximately $15,491,000. Lenox Wealth Advisors Inc. raised its position in shares of General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock worth $107,000 after buying an additional 14 shares during the last quarter. Cribstone Capital Management LLC raised its position in shares of General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares during the last quarter. Commonwealth Financial Services LLC raised its position in shares of General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares during the last quarter. Finally, Hanson McClain Inc. raised its position in shares of General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
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.
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