General Mills (GIS) Given a $61.00 Price Target by Susquehanna Bancshares Analysts

Susquehanna Bancshares set a $61.00 price objective on General Mills (NYSE:GIS) in a research note published on Friday morning. The firm currently has a hold rating on the stock.

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.

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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.

Analyst Recommendations for General Mills (NYSE:GIS)

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