General Mills (NYSE:GIS) Price Target Lowered to $78.00 at Stifel Nicolaus

General Mills (NYSE:GIS) had its target price trimmed by Stifel Nicolaus from $82.00 to $78.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on GIS. Wells Fargo & Company dropped their price target on shares of General Mills from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Thursday. TD Cowen decreased their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Piper Sandler lifted their target price on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.94.

General Mills Stock Performance

Shares of General Mills stock opened at $64.01 on Thursday. The stock has a market cap of $35.54 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 3.41 and a beta of 0.10. General Mills has a twelve month low of $61.47 and a twelve month high of $75.90. The company’s fifty day moving average is $66.62 and its 200 day moving average is $68.14. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that General Mills will post 4.5 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.75%. General Mills’s dividend payout ratio is presently 57.14%.

Insider Buying and Selling at General Mills

In other news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,230 shares of company stock worth $4,547,822. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GIS. Arkadios Wealth Advisors lifted its position in shares of General Mills by 41.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock worth $2,309,000 after buying an additional 10,765 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of General Mills by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after acquiring an additional 43,086 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of General Mills by 129.9% during the third quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after acquiring an additional 104,436 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in General Mills by 105.8% during the third quarter. Ellsworth Advisors LLC now owns 144,851 shares of the company’s stock worth $10,697,000 after acquiring an additional 74,456 shares during the period. Finally, AQR Capital Management LLC boosted its position in General Mills by 6.4% in the second quarter. AQR Capital Management LLC now owns 1,157,232 shares of the company’s stock worth $73,206,000 after purchasing an additional 69,902 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.