General Mills, Inc. (NYSE:GIS) Given Consensus Rating of “Hold” by Analysts

General Mills, Inc. (NYSE:GIS – Get Rating) has been given an average recommendation of “Hold” by the eighteen research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $84.76.

A number of analysts have weighed in on GIS shares. Wells Fargo & Company increased their price objective on General Mills from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Friday, March 24th. Morgan Stanley increased their price objective on General Mills from $73.00 to $77.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on General Mills from $84.00 to $86.00 in a research report on Friday, March 24th. UBS Group raised their price target on General Mills from $88.00 to $96.00 in a report on Monday, March 27th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $76.00 price target on shares of General Mills in a report on Friday, March 24th.

General Mills Trading Down 0.3 %

GIS opened at $85.47 on Wednesday. General Mills has a one year low of $64.94 and a one year high of $90.89. The company has a market cap of $50.20 billion, a P/E ratio of 18.46, a PEG ratio of 2.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.32 and a current ratio of 0.54. The business’s 50-day simple moving average is $86.67 and its 200-day simple moving average is $83.08.

General Mills (NYSE:GIS – Get Rating) last released its quarterly earnings data on Thursday, March 23rd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 24.51% and a net margin of 14.04%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, equities research analysts expect that General Mills will post 4.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark A. Pallot sold 4,081 shares of General Mills stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $90.32, for a total value of $368,595.92. Following the transaction, the chief accounting officer now owns 13,121 shares in the company, valued at $1,185,088.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other General Mills news, CAO Mark A. Pallot sold 4,081 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $90.32, for a total transaction of $368,595.92. Following the transaction, the chief accounting officer now owns 13,121 shares in the company, valued at $1,185,088.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bethany C. Quam sold 21,734 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $85.86, for a total value of $1,866,081.24. Following the transaction, the insider now owns 47,560 shares in the company, valued at approximately $4,083,501.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,371 shares of company stock valued at $4,849,178. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of General Mills

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of General Mills by 0.7% during the third quarter. Vanguard Group Inc. now owns 51,625,506 shares of the company’s stock worth $3,955,030,000 after acquiring an additional 360,830 shares during the last quarter. Geode Capital Management LLC increased its holdings in General Mills by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 11,358,325 shares of the company’s stock valued at $951,206,000 after buying an additional 50,601 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in General Mills by 123,599.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock valued at $928,723,000 after buying an additional 11,067,051 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in General Mills by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,852,150 shares of the company’s stock valued at $734,907,000 after buying an additional 75,902 shares during the last quarter. Finally, Morgan Stanley increased its holdings in General Mills by 14.6% in the fourth quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock valued at $691,725,000 after buying an additional 1,051,169 shares during the last quarter. 74.48% of the stock is owned by hedge funds and other institutional investors.

About General Mills

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General Mills, Inc engages in the manufacture and marketing of branded consumer foods sold through retail stores. The firm operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet, and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers.