Brokerages Set General Mills, Inc. (GIS) Target Price at $46.66

Shares of General Mills, Inc. (NYSE:GIS) have received an average recommendation of “Hold” from the twenty-two brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.66.

A number of research firms recently weighed in on GIS. Morgan Stanley set a $41.00 price target on General Mills and gave the company a “hold” rating in a research report on Sunday, December 30th. Standpoint Research assumed coverage on shares of General Mills in a research note on Wednesday, December 26th. They set a “buy” rating and a $37.59 target price for the company. Jefferies Financial Group set a $55.00 price target on shares of General Mills and gave the stock a “buy gis” rating in a research report on Monday, December 24th. Wells Fargo & Co set a $46.00 price objective on shares of General Mills and gave the company a “buy” rating in a research note on Thursday, December 20th. Finally, Barclays restated a “neutral” rating on shares of General Mills in a report on Thursday, December 20th.

Shares of General Mills stock traded up $0.38 during trading hours on Friday, hitting $41.80. The company’s stock had a trading volume of 7,417,396 shares, compared to its average volume of 6,461,047. General Mills has a 12 month low of $36.42 and a 12 month high of $60.69. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.58 and a quick ratio of 0.36. The company has a market capitalization of $24.12 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64.



General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 19th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.51 billion. General Mills had a net margin of 12.48% and a return on equity of 29.44%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities analysts anticipate that General Mills will post 3.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.69%. The ex-dividend date is Wednesday, January 9th. General Mills’s dividend payout ratio is currently 63.02%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors Inc. raised its position in General Mills by 25.4% in the third quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock worth $60,000 after acquiring an additional 281 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of General Mills by 28.3% in the fourth quarter. Moody National Bank Trust Division now owns 2,214 shares of the company’s stock worth $86,000 after buying an additional 489 shares in the last quarter. Highwater Wealth Management LLC purchased a new position in General Mills in the 4th quarter worth approximately $87,000. CSat Investment Advisory L.P. purchased a new stake in shares of General Mills during the 2nd quarter valued at about $118,000. Finally, Kiley Juergens Wealth Management LLC raised its holdings in shares of General Mills by 108.2% in the third quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock worth $129,000 after buying an additional 1,568 shares during the last quarter. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

About General Mills

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.

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