General Mills, Inc. (NYSE:GIS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Susquehanna Bancshares Inc in a report issued on Friday, June 30th. They currently have a $58.00 target price on the stock, down from their previous target price of $59.00. Susquehanna Bancshares Inc’s price target would indicate a potential upside of 4.83% from the company’s previous close.
GIS has been the subject of several other reports. Royal Bank Of Canada reiterated a “hold” rating on shares of General Mills in a research note on Sunday, March 12th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $52.00 price target (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Stifel Nicolaus cut General Mills from a “buy” rating to a “hold” rating and cut their price target for the company from $67.00 to $60.00 in a research note on Wednesday, March 22nd. Finally, BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $59.93.
Shares of General Mills (NYSE:GIS) traded down 0.29% during mid-day trading on Friday, hitting $55.33. The company’s stock had a trading volume of 2,409,518 shares. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 19.97 and a beta of 0.61. General Mills has a 1-year low of $53.24 and a 1-year high of $72.15. The company has a 50-day moving average of $55.38 and a 200 day moving average of $58.33.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect that General Mills will post $3.11 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of GIS. Baltimore Washington Financial Advisors Inc. bought a new stake in General Mills during the fourth quarter worth $15,491,000. Lenox Wealth Advisors Inc. increased its stake in 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 increased its stake in 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 increased its stake in 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. increased its stake in 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. Institutional investors and hedge funds own 70.44% of the company’s stock.
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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