General Mills, Inc. (GIS) Receives Average Recommendation of “Hold” from Brokerages

General Mills, Inc. (NYSE:GIS) has earned an average rating of “Hold” from the twenty-two analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $58.56.

A number of research analysts recently weighed in on the stock. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the company a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Piper Jaffray Companies raised shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a research report on Wednesday, January 3rd. Finally, Argus restated a “hold” rating on shares of General Mills in a report on Wednesday, December 27th.

General Mills (GIS) traded down $0.36 on Tuesday, hitting $54.56. 617,924 shares of the company were exchanged, compared to its average volume of 3,291,701. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. General Mills has a one year low of $49.65 and a one year high of $63.73. The company has a market capitalization of $31,138.08, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.41 and a beta of 0.61.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. analysts predict that General Mills will post 3.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a dividend of $0.49 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.59%. General Mills’s dividend payout ratio (DPR) is presently 71.79%.

In related news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at $2,143,686.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cable Hill Partners LLC increased its stake in shares of General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after purchasing an additional 1,647 shares in the last quarter. Grove Bank & Trust increased its stake in shares of General Mills by 322.7% in the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after purchasing an additional 1,878 shares in the last quarter. Spectrum Management Group Inc. purchased a new position in shares of General Mills in the third quarter worth about $135,000. Tradewinds Capital Management LLC increased its stake in shares of General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Front Row Advisors LLC purchased a new position in shares of General Mills in the fourth quarter worth about $166,000. Hedge funds and other institutional investors own 72.59% of the company’s stock.

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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.

Analyst Recommendations for General Mills (NYSE:GIS)

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