General Mills, Inc. (GIS) Upgraded by Societe Generale to Hold

Societe Generale upgraded shares of General Mills, Inc. (NYSE:GIS) from a sell rating to a hold rating in a report published on Wednesday, November 8th, Marketbeat.com reports.

Several other research firms have also recently issued reports on GIS. BidaskClub upgraded shares of General Mills from a hold rating to a buy rating in a report on Tuesday, August 22nd. Consumer Edge upgraded shares of General Mills from a sell rating to a neutral rating in a report on Friday, September 8th. BMO Capital Markets restated a market perform rating and set a $57.00 target price (down from $60.00) on shares of General Mills in a report on Thursday, September 21st. Piper Jaffray Companies restated a sell rating and set a $53.00 target price on shares of General Mills in a report on Thursday, September 21st. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a $53.00 price objective on shares of General Mills in a research note on Monday, September 25th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. General Mills currently has an average rating of Hold and an average target price of $56.60.

Shares of General Mills (NYSE GIS) opened at $54.05 on Wednesday. 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 company has a market cap of $30,490.00, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63. General Mills has a 12 month low of $49.65 and a 12 month high of $64.06.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. equities research analysts forecast that General Mills will post 3.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 3.63%. General Mills’s dividend payout ratio is 70.25%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GIS. Lenox Wealth Advisors Inc. boosted its position in shares of General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after acquiring an additional 15 shares in the last quarter. Cable Hill Partners LLC lifted its holdings in General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the last quarter. Grove Bank & Trust lifted its holdings in General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the last quarter. Finally, Spectrum Management Group Inc. bought a new position in General Mills during the 3rd quarter valued at about $135,000. Institutional investors own 71.32% of the company’s stock.

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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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