Analysts Set General Mills (GIS) Target Price at $52.80

Shares of General Mills (NYSE:GIS) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $52.80.

GIS has been the subject of several analyst reports. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. Credit Suisse Group reissued a “hold” rating and set a $55.00 price target on shares of General Mills in a research report on Tuesday, March 20th. ValuEngine cut shares of General Mills from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Barclays reissued a “hold” rating and set a $48.00 price target on shares of General Mills in a research report on Friday, March 23rd. Finally, UBS dropped their price target on shares of General Mills from $58.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, March 22nd.

In other General Mills news, CEO Jeffrey L. Harmening purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was bought at an average cost of $42.18 per share, for a total transaction of $253,080.00. Following the purchase, the chief executive officer now directly owns 114,696 shares in the company, valued at $4,837,877.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.



Several institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its stake in shares of General Mills by 0.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 191,721 shares of the company’s stock worth $11,367,000 after acquiring an additional 933 shares in the last quarter. Cardinal Capital Management grew its position in General Mills by 1.7% during the 4th quarter. Cardinal Capital Management now owns 61,127 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,009 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in General Mills by 15.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 7,533 shares of the company’s stock valued at $447,000 after purchasing an additional 1,019 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in General Mills by 6.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 18,832 shares of the company’s stock valued at $1,117,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Buckingham Asset Management LLC grew its position in General Mills by 23.1% during the 4th quarter. Buckingham Asset Management LLC now owns 5,794 shares of the company’s stock valued at $344,000 after purchasing an additional 1,086 shares during the last quarter. Institutional investors own 74.65% of the company’s stock.

Shares of GIS opened at $42.64 on Thursday. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.85 and a beta of 0.76. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.69 and a quick ratio of 0.45. General Mills has a twelve month low of $41.01 and a twelve month high of $60.69.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 21st. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.87 billion. General Mills had a net margin of 13.96% and a return on equity of 37.64%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. equities research analysts forecast that General Mills will post 3.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were paid a $0.49 dividend. The ex-dividend date was Monday, April 9th. This represents a $1.96 annualized dividend and a dividend yield of 4.60%. General Mills’s payout ratio is 63.64%.

General Mills declared that its Board of Directors has initiated a stock buyback program on Friday, February 23rd that allows the company to repurchase shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods in the United States. The company operates in four segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. 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, shelf stable and frozen vegetables, and ice cream and frozen desserts, as well as grain, fruit and savory snacks; and various organic products, including nutrition bars, meal kits, salty snacks, and ready-to-eat cereal.

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.

Leave a Reply