Stifel Nicolaus Reiterates “Buy” Rating for General Mills (NYSE:GIS)

General Mills (NYSE:GIS)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a report released on Monday, Benzinga reports. They currently have a $77.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.73% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. TD Cowen upped their price objective on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Wells Fargo & Company raised their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Citigroup initiated coverage on General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective on the stock. Finally, Morgan Stanley lifted their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Stock Down 0.5 %

Shares of NYSE:GIS opened at $70.82 on Monday. The company has a market capitalization of $40.22 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.43 and a beta of 0.15. The business has a fifty day moving average price of $67.17 and a two-hundred day moving average price of $65.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills has a 1 year low of $60.33 and a 1 year high of $90.89.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts forecast that General Mills will post 4.51 earnings per share for the current year.

Insider Activity

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 17,726 shares of company stock valued at $1,187,811 in the last quarter. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General Mills

Several hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in shares of General Mills by 4.8% in the 3rd quarter. International Assets Investment Management LLC now owns 7,323 shares of the company’s stock valued at $469,000 after purchasing an additional 337 shares during the last quarter. RFG Advisory LLC raised its stake in shares of General Mills by 15.3% during the 3rd quarter. RFG Advisory LLC now owns 6,797 shares of the company’s stock worth $435,000 after acquiring an additional 904 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of General Mills by 4.0% during the third quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock worth $267,000 after purchasing an additional 160 shares in the last quarter. Inscription Capital LLC raised its stake in General Mills by 2.4% in the third quarter. Inscription Capital LLC now owns 7,126 shares of the company’s stock valued at $456,000 after buying an additional 170 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of General Mills by 0.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 72,974 shares of the company’s stock valued at $4,600,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other 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.