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.
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.
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