Societe Generale upgraded shares of General Mills, Inc. (NYSE:GIS) from a sell rating to a hold rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.
A number of other research firms have also issued reports on GIS. BidaskClub upgraded shares of General Mills from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Consumer Edge upgraded shares of General Mills from a sell rating to a neutral rating in a research note on Friday, September 8th. BMO Capital Markets restated a market perform rating and issued a $57.00 price target (down from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Piper Jaffray Companies restated a sell rating and issued a $53.00 price target on shares of General Mills in a research report on Thursday, September 21st. Finally, Credit Suisse Group restated a neutral rating and issued a $53.00 price target on shares of General Mills in a research report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $56.60.
General Mills (GIS) traded up $1.50 during trading hours on Wednesday, reaching $53.28. 5,058,900 shares of the company were exchanged, compared to its average volume of 3,464,800. General Mills has a 1-year low of $49.65 and a 1-year high of $64.06. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The firm has a market cap of $30,281.10, a price-to-earnings ratio of 17.70, a PEG ratio of 1.99 and a beta of 0.63.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. equities analysts anticipate that General Mills will post 3.1 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is 70.25%.
Several large investors have recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC lifted its holdings in shares of General Mills by 48.1% during the 3rd quarter. Zeke Capital Advisors LLC now owns 26,498 shares of the company’s stock worth $1,372,000 after acquiring an additional 8,608 shares during the period. Amalgamated Bank lifted its holdings in General Mills by 2.3% during the 3rd quarter. Amalgamated Bank now owns 68,531 shares of the company’s stock valued at $3,547,000 after purchasing an additional 1,572 shares during the last quarter. LVW Advisors LLC lifted its holdings in General Mills by 26.0% during the 3rd quarter. LVW Advisors LLC now owns 57,200 shares of the company’s stock valued at $2,961,000 after purchasing an additional 11,809 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in General Mills by 10.5% during the 3rd quarter. Cadence Capital Management LLC now owns 219,271 shares of the company’s stock valued at $11,349,000 after purchasing an additional 20,762 shares during the last quarter. Finally, Iberiabank Corp lifted its holdings in General Mills by 63.1% during the 3rd quarter. Iberiabank Corp now owns 10,013 shares of the company’s stock valued at $517,000 after purchasing an additional 3,873 shares during the last quarter. 69.58% of the stock is owned by 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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