General Mills, Inc. (NYSE:GIS) has received an average rating of “Hold” from the eighteen research firms that are covering the stock. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $64.33.
A number of research firms have issued reports on GIS. Argus reiterated a “hold” rating on shares of General Mills in a research note on Thursday, March 23rd. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $67.00 target price on shares of General Mills in a research note on Wednesday, March 22nd. Sanford C. Bernstein cut shares of General Mills from a “market perform” rating to an “underperform” rating and set a $52.00 price objective on the stock. in a research note on Tuesday, March 21st. Finally, Wells Fargo & Co restated a “market perform” rating on shares of General Mills in a research note on Tuesday, December 27th.
In related news, insider Jonathon Nudi purchased 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 12th. The shares were purchased at an average price of $57.45 per share, with a total value of $103,410.00. Following the purchase, the insider now owns 34,077 shares of the company’s stock, valued at approximately $1,957,723.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in General Mills by 7.3% in the second quarter. Macquarie Group Ltd. now owns 347,763 shares of the company’s stock valued at $24,803,000 after buying an additional 23,604 shares during the period. Lenox Wealth Advisors Inc. boosted its position in General Mills by 0.7% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,790 shares of the company’s stock valued at $114,000 after buying an additional 12 shares during the period. Stuart Chaussee & Associates Inc. boosted its position in General Mills by 16.2% in the third quarter. Stuart Chaussee & Associates Inc. now owns 2,768 shares of the company’s stock valued at $177,000 after buying an additional 385 shares during the period. Advisory Services Network LLC boosted its position in General Mills by 2.5% in the third quarter. Advisory Services Network LLC now owns 1,985 shares of the company’s stock valued at $127,000 after buying an additional 48 shares during the period. Finally, Searle & CO. acquired a new position in General Mills during the third quarter valued at $252,000. 69.77% of the stock is currently owned by institutional investors.
General Mills (NYSE:GIS) traded down 0.268% during midday trading on Wednesday, reaching $57.725. 1,401,622 shares of the company were exchanged. General Mills has a 52 week low of $57.14 and a 52 week high of $72.95. The company has a market capitalization of $33.26 billion, a PE ratio of 21.388 and a beta of 0.56. The firm has a 50-day moving average price of $59.19 and a 200-day moving average price of $61.19.
General Mills (NYSE:GIS) last posted its earnings results on Tuesday, March 21st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.82 billion. General Mills had a return on equity of 35.10% and a net margin of 10.23%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Equities research analysts anticipate that General Mills will post $3.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Monday, April 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.32%. General Mills’s dividend payout ratio is currently 71.64%.
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About General Mills
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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