General Mills (NYSE:GIS) PT Lowered to $67.00 at Barclays

General Mills (NYSE:GIS) had its price target cut by stock analysts at Barclays from $72.00 to $67.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 5.95% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Bank of America lowered their price objective on General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday. Morgan Stanley raised their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. HSBC upped their price target on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Stifel Nicolaus lowered their price objective on General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Citigroup reduced their target price on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.44.

General Mills Stock Performance

General Mills stock traded down $0.47 during mid-day trading on Friday, hitting $63.24. The company had a trading volume of 1,379,454 shares, compared to its average volume of 4,130,042. General Mills has a 12-month low of $60.33 and a 12-month high of $77.63. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 1.17. The company’s fifty day moving average is $68.76 and its 200-day moving average is $66.79. The company has a market capitalization of $35.91 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 3.05 and a beta of 0.12.

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

Insider Buying and Selling

In other news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MeadowBrook Investment Advisors LLC acquired a new position in shares of General Mills during the 4th quarter valued at about $27,000. Bruce G. Allen Investments LLC bought a new position in shares of General Mills in the fourth quarter valued at approximately $28,000. Rise Advisors LLC lifted its stake in shares of General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares during the last quarter. Finally, Fortis Group Advisors LLC grew its stake in General Mills by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

About General Mills

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.