General Mills’ (GIS) “Hold” Rating Reiterated at Barclays

Barclays restated their hold rating on shares of General Mills (NYSE:GIS) in a research report sent to investors on Friday, AnalystRatings.com reports. They currently have a $55.00 price target on the stock.

GIS has been the subject of several other reports. Zacks Investment Research upgraded General Mills from a hold rating to a buy rating and set a $58.00 target price for the company in a research note on Thursday, August 22nd. Edward Jones upgraded General Mills from a hold rating to a buy rating in a research note on Monday, July 15th. Morgan Stanley lifted their target price on General Mills from $52.00 to $56.00 and gave the stock an equal weight rating in a research note on Thursday. Guggenheim lifted their target price on General Mills from $58.00 to $65.00 and gave the stock a buy rating in a research note on Wednesday, July 10th. Finally, UBS Group lifted their target price on General Mills from $48.00 to $52.00 and gave the stock a neutral rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. General Mills presently has an average rating of Hold and an average target price of $53.64.

Shares of NYSE GIS opened at $54.33 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.51. General Mills has a 12 month low of $36.42 and a 12 month high of $56.40. The stock has a 50 day moving average of $54.10 and a 200-day moving average of $52.15. The company has a market capitalization of $32.87 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.31 and a beta of 0.74.



General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. General Mills had a return on equity of 27.38% and a net margin of 11.21%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts predict that General Mills will post 3.37 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Marietta Investment Partners LLC raised its holdings in General Mills by 3.3% in the 1st quarter. Marietta Investment Partners LLC now owns 6,200 shares of the company’s stock valued at $321,000 after acquiring an additional 200 shares in the last quarter. Adirondack Trust Co. raised its holdings in General Mills by 6.4% in the 1st quarter. Adirondack Trust Co. now owns 3,320 shares of the company’s stock valued at $171,000 after acquiring an additional 200 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in General Mills by 3.8% in the 1st quarter. Wealth Alliance Advisory Group LLC now owns 5,396 shares of the company’s stock valued at $276,000 after acquiring an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in General Mills by 2.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,270 shares of the company’s stock valued at $434,000 after acquiring an additional 200 shares in the last quarter. Finally, Covington Capital Management raised its holdings in General Mills by 1.4% in the 2nd quarter. Covington Capital Management now owns 15,000 shares of the company’s stock valued at $788,000 after acquiring an additional 200 shares in the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for General Mills (NYSE:GIS)

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