Evercore ISI Lowers General Mills (NYSE:GIS) Price Target to $72.00

General Mills (NYSE:GIS) had its target price decreased by equities research analysts at Evercore ISI from $76.00 to $72.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential upside of 13.44% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein upgraded General Mills from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $62.00 to $70.00 in a research note on Wednesday, May 15th. JPMorgan Chase & Co. cut their price target on General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays lifted their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Mizuho lifted their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup dropped their target price on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $70.72.

General Mills Stock Down 0.4 %

Shares of GIS traded down $0.24 during trading hours on Friday, hitting $63.47. The stock had a trading volume of 321,597 shares, compared to its average volume of 4,121,654. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.40. The firm has a 50 day simple moving average of $68.76 and a 200-day simple moving average of $66.79. The firm has a market capitalization of $36.04 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 3.05 and a beta of 0.12. General Mills has a 1-year low of $60.33 and a 1-year high of $77.63.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. Sell-side analysts predict that General Mills will post 4.54 EPS for the current fiscal year.

Insider Buying and Selling at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the sale, the insider now owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On General Mills

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA grew its holdings in General Mills by 1.4% in the first quarter. Private Trust Co. NA now owns 10,280 shares of the company’s stock worth $719,000 after purchasing an additional 140 shares during the period. North Star Investment Management Corp. grew its holdings in General Mills by 0.8% in the first quarter. North Star Investment Management Corp. now owns 17,228 shares of the company’s stock worth $1,205,000 after purchasing an additional 145 shares during the period. Traverso Chambers Private Wealth Management LLC grew its holdings in General Mills by 1.0% in the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after purchasing an additional 156 shares during the period. Park Place Capital Corp grew its holdings in General Mills by 40.6% in the first quarter. Park Place Capital Corp now owns 540 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its holdings in General Mills by 2.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock worth $382,000 after purchasing an additional 164 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Company Profile

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.