Stifel Nicolaus Increases General Mills (NYSE:GIS) Price Target to $77.00

General Mills (NYSE:GISGet Free Report) had its price objective lifted by equities research analysts at Stifel Nicolaus from $68.00 to $77.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 11.43% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of General Mills from $74.00 to $72.00 and set a “sector perform” rating on the stock in a report on Thursday, December 21st. Mizuho dropped their target price on shares of General Mills from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, December 22nd. Evercore ISI dropped their target price on shares of General Mills from $75.00 to $72.00 and set an “in-line” rating on the stock in a report on Monday, December 11th. Piper Sandler decreased their price target on shares of General Mills from $77.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, December 15th. Finally, Bank of America decreased their price target on shares of General Mills from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.50.

Check Out Our Latest Stock Report on General Mills

General Mills Trading Up 0.5 %

Shares of GIS opened at $69.10 on Thursday. General Mills has a twelve month low of $60.33 and a twelve month high of $90.89. The company has a market cap of $39.24 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.44 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.36 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $64.67 and its 200-day simple moving average is $64.74.

General Mills (NYSE:GISGet Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, analysts expect that General Mills will post 4.49 EPS for the current year.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Mills news, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,782 shares of company stock valued at $4,365,720. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On General Mills

A number of hedge funds and other institutional investors have recently made changes to their positions in GIS. Cibc World Market Inc. grew its stake in shares of General Mills by 4.8% during the 1st quarter. Cibc World Market Inc. now owns 22,026 shares of the company’s stock worth $1,492,000 after purchasing an additional 1,003 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of General Mills by 45.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,867 shares of the company’s stock worth $397,000 after purchasing an additional 1,828 shares during the period. Candriam Luxembourg S.C.A. grew its stake in shares of General Mills by 2.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,176 shares of the company’s stock worth $4,955,000 after purchasing an additional 1,503 shares during the period. Baird Financial Group Inc. grew its stake in shares of General Mills by 2.3% during the 1st quarter. Baird Financial Group Inc. now owns 279,604 shares of the company’s stock worth $18,935,000 after purchasing an additional 6,176 shares during the period. Finally, Covestor Ltd grew its stake in shares of General Mills by 15.3% during the 1st quarter. Covestor Ltd now owns 1,834 shares of the company’s stock worth $124,000 after purchasing an additional 244 shares during the period. Institutional investors and hedge funds own 75.31% of the company’s stock.

About General Mills

(Get Free Report)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Analyst Recommendations for General Mills (NYSE:GIS)

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