General Mills, Inc. (NYSE:GIS) Receives $69.06 Average PT from Brokerages

Shares of General Mills, Inc. (NYSE:GIS) have earned an average rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.06.

A number of analysts have recently commented on GIS shares. 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 note on Thursday, December 19th. Stifel Nicolaus reduced their price target on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. 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 note on Wednesday, December 18th. TD Cowen reduced their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Finally, Piper Sandler reduced their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On General Mills

Several hedge funds have recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. lifted its holdings in shares of General Mills by 1.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after buying an additional 148 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after buying an additional 172 shares in the last quarter. Planning Capital Management Corp lifted its holdings in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after buying an additional 193 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after buying an additional 194 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC lifted its holdings in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 3.7 %

Shares of NYSE GIS opened at $64.53 on Tuesday. General Mills has a 1 year low of $55.15 and a 1 year high of $75.90. The stock has a market cap of $35.57 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The firm has a 50-day moving average of $60.33 and a 200 day moving average of $66.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business 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%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. As a group, sell-side analysts expect that General Mills will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

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.