General Mills (NYSE:GIS) has been assigned a $61.00 price objective by Susquehanna Bancshares in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Susquehanna Bancshares’ target price would suggest a potential upside of 2.68% from the company’s previous close.
Several other research firms also recently commented on GIS. Argus restated a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Piper Jaffray Companies upgraded General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective on the stock in a report on Wednesday. Credit Suisse Group set a $60.00 price objective on General Mills and gave the stock a “hold” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Co set a $65.00 price objective on General Mills and gave the stock a “buy” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.17.
General Mills (NYSE:GIS) opened at $59.41 on Friday. The company has a market capitalization of $33,419.94, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. General Mills has a fifty-two week low of $49.65 and a fifty-two week high of $63.73. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79.
Several institutional investors have recently bought and sold shares of GIS. American International Group Inc. boosted its position in shares of General Mills by 1,708.4% in the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock worth $467,276,000 after purchasing an additional 8,528,534 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of General Mills by 3,178.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock worth $144,666,000 after purchasing an additional 2,531,664 shares in the last quarter. Federated Investors Inc. PA lifted its position in General Mills by 94.6% during the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after acquiring an additional 2,195,397 shares during the period. Stifel Financial Corp lifted its position in General Mills by 28,570.2% during the 3rd quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock worth $86,610,000 after acquiring an additional 1,665,641 shares during the period. Finally, American Century Companies Inc. lifted its position in General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after acquiring an additional 1,550,074 shares during the period. 72.70% of the stock is 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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