General Mills, Inc. (GIS) Lifted to “Hold” at Societe Generale

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.

TRADEMARK VIOLATION WARNING: This report was first posted by BBNS and is the property of of BBNS. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://baseballnewssource.com/markets/general-mills-inc-gis-lifted-to-hold-at-societe-generale/1767594.html.

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.

Analyst Recommendations for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Red Sox Want Sluggers, Giancarlo Stanton May Become Available


Leave a Reply

 
© 2006-2017 BBNS.