Several other equities analysts have also recently weighed in on GIS. Argus restated a hold rating on shares of General Mills in a research note on Wednesday, December 27th. Piper Jaffray Companies upgraded General Mills from an underweight rating to a neutral rating and set a $63.00 target price on the stock in a research note on Wednesday, January 3rd. Edward Jones reiterated a hold rating on shares of General Mills in a research note on Wednesday, December 20th. BMO Capital Markets reiterated a neutral rating on shares of General Mills in a research note on Friday, December 22nd. Finally, Wells Fargo & Co lowered their target price on General Mills from $56.00 to $53.00 and set a market perform rating on the stock in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $58.17.
Shares of General Mills (NYSE:GIS) traded up $0.20 during trading hours on Friday, reaching $60.12. The company’s stock had a trading volume of 3,332,690 shares, compared to its average volume of 3,214,960. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. General Mills has a fifty-two week low of $49.65 and a fifty-two week high of $63.73. The company has a market cap of $34,180.00, a PE ratio of 22.02, a PEG ratio of 2.64 and a beta of 0.66.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 2.1% on a year-over-year basis. equities research analysts forecast that General Mills will post 3.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, January 9th. General Mills’s dividend payout ratio is currently 71.79%.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in General Mills by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock valued at $2,214,240,000 after acquiring an additional 533,919 shares during the period. American Century Companies Inc. raised its stake in General Mills by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after acquiring an additional 1,550,074 shares during the period. American International Group Inc. raised its stake in General Mills by 1,708.4% in the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after acquiring an additional 8,528,534 shares during the period. Bank of New York Mellon Corp raised its stake in General Mills by 13.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock valued at $387,691,000 after acquiring an additional 890,262 shares during the period. Finally, Federated Investors Inc. PA raised its stake in General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares during the period. Institutional investors and hedge funds own 72.59% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “General Mills (GIS) Given a $61.00 Price Target by Susquehanna Bancshares Analysts” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://transcriptdaily.com/2018/01/09/general-mills-gis-given-a-61-00-price-target-by-susquehanna-bancshares-analysts.html.
General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.