General Mills (GIS) PT Lowered to $44.00 at JPMorgan Chase & Co.

General Mills (NYSE:GIS) had its price target trimmed by JPMorgan Chase & Co. to $44.00 in a research note released on Thursday. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently issued reports on GIS. Susquehanna Bancshares set a $57.00 target price on General Mills and gave the stock a hold rating in a research note on Wednesday, December 13th. Wells Fargo raised General Mills from a market perform rating to an outperform rating and set a $63.00 target price for the company in a research note on Monday, December 18th. Zacks Investment Research raised General Mills from a sell rating to a hold rating in a research note on Tuesday, December 19th. Edward Jones reissued a hold rating on shares of General Mills in a research note on Wednesday, December 20th. Finally, Credit Suisse Group set a $60.00 target price on General Mills and gave the stock a hold rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $54.32.

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Shares of General Mills stock opened at $44.21 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.69 and a quick ratio of 0.45. The company has a market capitalization of $25,157.42, a PE ratio of 14.49, a PEG ratio of 1.87 and a beta of 0.72. General Mills has a 52 week low of $44.15 and a 52 week high of $60.69.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 21st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.87 billion. General Mills had a return on equity of 37.64% and a net margin of 13.96%. General Mills’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. sell-side analysts predict that General Mills will post 3.1 earnings per share for the current year.

General Mills declared that its board has authorized a share repurchase program on Friday, February 23rd that permits the company to buyback shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Monday, April 9th. General Mills’s dividend payout ratio (DPR) is currently 52.41%.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the transaction, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Avestar Capital LLC acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $100,000. Truewealth LLC acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $119,000. Financial Gravity Companies Inc. acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $131,000. Cable Hill Partners LLC boosted its holdings in shares of General Mills by 274.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after buying an additional 1,647 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of General Mills by 322.7% in the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after buying an additional 1,878 shares during the last quarter. 74.23% of the stock is owned by hedge funds and other institutional investors.

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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)

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