Susquehanna Bancshares Analysts Give General Mills (GIS) a $61.00 Price Target

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.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. General Mills’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. equities analysts predict that General Mills will post 3.12 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for General Mills (NYSE:GIS)

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