Brokerages Set General Mills, Inc. (NYSE:GIS) Target Price at $39.39

General Mills, Inc. (NYSE:GIS) has received a consensus rating of “Reduce” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $39.0556.

Several analysts recently weighed in on GIS shares. UBS Group decreased their price target on General Mills from $35.00 to $30.00 and set a “sell” rating on the stock in a report on Tuesday, June 2nd. Sanford C. Bernstein lowered General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Wednesday, June 3rd. Morgan Stanley decreased their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 5th. JPMorgan Chase & Co. reduced their target price on General Mills from $36.00 to $31.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th.

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

A number of hedge funds and other institutional investors have recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC purchased a new stake in General Mills in the third quarter worth $25,000. Reflection Asset Management purchased a new stake in General Mills in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills in the fourth quarter worth $26,000. Brown Shipley& Co Ltd bought a new position in shares of General Mills during the 1st quarter worth $26,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

NYSE:GIS opened at $36.04 on Monday. The stock’s fifty day moving average is $34.12 and its 200 day moving average is $40.09. General Mills has a fifty-two week low of $31.75 and a fifty-two week high of $54.18. The firm has a market capitalization of $19.23 billion, a PE ratio of 8.81 and a beta of -0.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.