General Mills, Inc. (GIS) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of General Mills, Inc. (NYSE:GIS) from a sell rating to a hold rating in a report published on Thursday morning.

Several other brokerages also recently commented on GIS. Vetr upgraded shares of General Mills from a hold rating to a buy rating and set a $58.98 target price on the stock in a report on Monday, May 1st. BMO Capital Markets reiterated a hold rating and issued a $67.00 target price on shares of General Mills in a report on Wednesday, March 22nd. Piper Jaffray Companies assumed coverage on shares of General Mills in a report on Wednesday, May 24th. They issued an underweight rating and a $57.00 target price on the stock. Stifel Nicolaus downgraded shares of General Mills from a buy rating to a hold rating and dropped their target price for the stock from $67.00 to $60.00 in a report on Wednesday, March 22nd. Finally, Credit Suisse Group reiterated a neutral rating and issued a $56.00 target price (down previously from $65.00) on shares of General Mills in a report on Friday, May 19th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $63.61.

Analyst Recommendations for General Mills (NYSE:GIS)

General Mills (NYSE:GIS) opened at 57.12 on Thursday. General Mills has a 52 week low of $55.57 and a 52 week high of $72.95. The stock has a market cap of $32.91 billion, a price-to-earnings ratio of 21.16 and a beta of 0.60. The firm’s 50 day moving average price is $56.95 and its 200-day moving average price is $59.78. General Mills also was the target of some unusual options trading activity on Monday. Stock traders purchased 347 put options on the stock. This is an increase of approximately 122% compared to the typical volume of 156 put options.

General Mills (NYSE:GIS) last released its quarterly earnings data on Tuesday, March 21st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. General Mills had a net margin of 10.34% and a return on equity of 37.15%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the business earned $0.65 EPS. General Mills’s quarterly revenue was down 5.2% compared to the same quarter last year. Analysts expect that General Mills will post $3.05 EPS for the current year.

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In other news, insider Jonathon Nudi bought 1,800 shares of the stock in a transaction on Wednesday, April 12th. The stock was purchased at an average price of $57.45 per share, with a total value of $103,410.00. Following the completion of the purchase, the insider now owns 34,077 shares of the company’s stock, valued at $1,957,723.65. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

A number of large investors have recently modified their holdings of GIS. Alpha Windward LLC increased its stake in shares of General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock valued at $241,000 after buying an additional 34 shares during the last quarter. Ffcm LLC purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $1,481,000. Tompkins Financial Corp increased its stake in shares of General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock valued at $372,000 after buying an additional 162 shares during the last quarter. Smith Moore & CO. increased its stake in shares of General Mills by 0.4% in the fourth quarter. Smith Moore & CO. now owns 10,791 shares of the company’s stock valued at $667,000 after buying an additional 40 shares during the last quarter. Finally, Integrated Wealth Management increased its stake in shares of General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock valued at $519,000 after buying an additional 54 shares during the last quarter. 70.51% of the stock is 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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