Stifel Nicolaus Lowers General Mills (NYSE:GIS) Price Target to $65.00

General Mills (NYSE:GIS) had its price target dropped by analysts at Stifel Nicolaus from $72.00 to $65.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 9.89% from the company’s previous close.

A number of other research firms have also commented on GIS. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company reduced their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and upped their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.88.

General Mills Stock Up 2.0 %

General Mills stock opened at $59.15 on Wednesday. The firm has a 50 day simple moving average of $61.01 and a 200 day simple moving average of $66.61. The firm has a market capitalization of $32.61 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 3.71 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills has a 1-year low of $55.15 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. On average, analysts predict that General Mills will post 4.4 earnings per share for the current year.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Institutional Trading of General Mills

Institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its holdings in shares of General Mills by 5.0% during the fourth quarter. Mackenzie Financial Corp now owns 479,939 shares of the company’s stock worth $30,606,000 after purchasing an additional 22,668 shares during the period. Forum Financial Management LP boosted its holdings in shares of General Mills by 44.7% during the fourth quarter. Forum Financial Management LP now owns 8,832 shares of the company’s stock worth $563,000 after purchasing an additional 2,729 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $1,193,000. Peak Retirement Planning Inc. purchased a new stake in shares of General Mills during the fourth quarter worth about $798,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $111,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.