General Mills (GIS) Given New $52.00 Price Target at JPMorgan Chase & Co.

Share on StockTwits

General Mills (NYSE:GIS) had its price target raised by JPMorgan Chase & Co. from $43.00 to $52.00 in a research note released on Thursday, The Fly reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Credit Suisse Group boosted their price target on shares of General Mills from $43.00 to $52.00 and gave the stock a neutral rating in a report on Thursday. Citigroup reissued a top pick rating and issued a $60.00 price target (up from $54.00) on shares of General Mills in a report on Thursday. BMO Capital Markets upped their price objective on shares of General Mills from $51.00 to $53.00 and gave the company a market perform rating in a report on Thursday. Jefferies Financial Group reaffirmed a buy rating and set a $55.00 price objective on shares of General Mills in a report on Wednesday. Finally, TheStreet raised shares of General Mills from a c+ rating to a b- rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. General Mills currently has an average rating of Hold and an average target price of $49.61.

Shares of NYSE:GIS traded up $0.34 during midday trading on Thursday, reaching $50.38. The company had a trading volume of 1,229,426 shares, compared to its average volume of 5,049,238. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.36 and a current ratio of 0.55. The company has a market capitalization of $28.82 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.13 and a beta of 0.77. General Mills has a 52-week low of $36.42 and a 52-week high of $50.19.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.14. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.21 billion. General Mills had a net margin of 9.26% and a return on equity of 28.11%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. As a group, research analysts predict that General Mills will post 3.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 63.02%.

In other news, Director R Kerry Clark sold 7,849 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $44.26, for a total transaction of $347,396.74. Following the sale, the director now directly owns 30,215 shares in the company, valued at $1,337,315.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Donal L. Mulligan sold 120,722 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the completion of the transaction, the chief financial officer now owns 252,326 shares in the company, valued at $11,985,485. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Sowell Financial Services LLC increased its position in shares of General Mills by 4.0% in the third quarter. Sowell Financial Services LLC now owns 89,148 shares of the company’s stock worth $3,826,000 after purchasing an additional 3,467 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of General Mills by 80.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,294 shares of the company’s stock worth $50,000 after purchasing an additional 576 shares during the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of General Mills by 7.4% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 6,207 shares of the company’s stock worth $242,000 after purchasing an additional 427 shares during the last quarter. Victory Capital Management Inc. grew its position in General Mills by 6.2% during the fourth quarter. Victory Capital Management Inc. now owns 294,366 shares of the company’s stock valued at $11,463,000 after acquiring an additional 17,061 shares during the last quarter. Finally, HCR Wealth Advisors bought a new position in General Mills during the fourth quarter valued at approximately $219,000. Institutional investors own 68.19% of the company’s stock.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

See Also: Fundamental Analysis and Individual Investors

The Fly

Analyst Recommendations for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

$1.37 Billion in Sales Expected for Caci International Inc  This Quarter
$1.37 Billion in Sales Expected for Caci International Inc This Quarter
TokenStars Trading 26.8% Higher  This Week
TokenStars Trading 26.8% Higher This Week
Akoustis Technologies Inc  Expected to Post Earnings of -$0.25 Per Share
Akoustis Technologies Inc Expected to Post Earnings of -$0.25 Per Share
Selfkey  24-Hour Trading Volume Hits $967,433.00
Selfkey 24-Hour Trading Volume Hits $967,433.00
$2.80 Billion in Sales Expected for Royal Caribbean Cruises Ltd  This Quarter
$2.80 Billion in Sales Expected for Royal Caribbean Cruises Ltd This Quarter
Waves Community Token Trading 1.3% Higher  Over Last Week
Waves Community Token Trading 1.3% Higher Over Last Week


© 2006-2019 Ticker Report