General Mills, Inc. (NYSE:GIS) received a $56.00 target price from equities researchers at Susquehanna Bancshares Inc in a research report issued on Tuesday, October 17th. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price objective would indicate a potential upside of 11.78% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Consumer Edge raised General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $55.00 price target (down previously from $58.00) on shares of General Mills in a research report on Sunday, June 25th. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target for the company in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $52.00 price target (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.60.
General Mills (GIS) traded down $1.24 on Tuesday, reaching $50.10. The company’s stock had a trading volume of 2,973,290 shares, compared to its average volume of 3,480,602. The stock has a market cap of $29,178.50, a P/E ratio of 17.06, a P/E/G ratio of 1.91 and a beta of 0.63. General Mills has a one year low of $50.12 and a one year high of $64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s 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 year.
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Large investors have recently bought and sold shares of the stock. Private Advisor Group LLC increased its holdings in General Mills by 21.8% in the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after buying an additional 9,952 shares during the last quarter. Boston Advisors LLC increased its holdings in General Mills by 1.8% in the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after buying an additional 375 shares during the last quarter. Bfsg LLC purchased a new position in General Mills in the first quarter valued at $2,843,000. LVW Advisors LLC purchased a new position in General Mills in the second quarter valued at $2,515,000. Finally, PVG Asset Management Corp purchased a new position in General Mills in the first quarter valued at $6,352,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
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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