General Mills (NYSE:GIS) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.
GIS has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price target on shares of General Mills in a report on Wednesday, June 27th. Citigroup lowered their price target on General Mills from $61.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, June 29th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Goldman Sachs Group upgraded General Mills from a “sell” rating to a “neutral” rating and set a $47.00 price target on the stock in a report on Wednesday, May 16th. Finally, Bank of America reiterated a “hold” rating and set a $49.00 price target on shares of General Mills in a report on Wednesday, June 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.71.
Shares of GIS stock traded up $0.54 on Friday, reaching $47.55. 3,982,800 shares of the company’s stock traded hands, compared to its average volume of 5,191,494. General Mills has a 12-month low of $41.01 and a 12-month high of $60.69. The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $27.15 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.76 and a beta of 0.74.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 27th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. General Mills had a return on equity of 35.14% and a net margin of 13.54%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. General Mills’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts predict that General Mills will post 3.05 EPS for the current year.
In other General Mills news, insider Jacqueline Williams-Roll sold 2,450 shares of the business’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $43.23, for a total value of $105,913.50. Following the transaction, the insider now owns 39,074 shares in the company, valued at $1,689,169.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre bought 1,000 shares of the stock in a transaction on Monday, August 20th. The stock was purchased at an average price of $47.37 per share, for a total transaction of $47,370.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $47,370. The disclosure for this purchase can be found here. Insiders sold 158,018 shares of company stock worth $7,114,487 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in shares of General Mills by 23.8% in the second quarter. Sequoia Financial Advisors LLC now owns 5,721 shares of the company’s stock worth $253,000 after buying an additional 1,100 shares during the last quarter. LexAurum Advisors LLC lifted its position in shares of General Mills by 15.5% in the second quarter. LexAurum Advisors LLC now owns 8,236 shares of the company’s stock worth $365,000 after buying an additional 1,105 shares during the last quarter. Excalibur Management Corp lifted its position in shares of General Mills by 5.1% in the second quarter. Excalibur Management Corp now owns 23,328 shares of the company’s stock worth $1,032,000 after buying an additional 1,139 shares during the last quarter. Atria Investments LLC lifted its position in shares of General Mills by 2.1% in the second quarter. Atria Investments LLC now owns 58,403 shares of the company’s stock worth $2,585,000 after buying an additional 1,200 shares during the last quarter. Finally, Navellier & Associates Inc lifted its position in shares of General Mills by 6.1% in the first quarter. Navellier & Associates Inc now owns 21,060 shares of the company’s stock worth $949,000 after buying an additional 1,218 shares during the last quarter. Hedge funds and other institutional investors own 70.57% 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.
Featured Story: Diversification Important in Investing
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.