Jefferies Financial Group Raises General Mills (NYSE:GIS) Price Target to $62.00

General Mills (NYSE:GIS) had its target price upped by research analysts at Jefferies Financial Group from $58.00 to $62.00 in a report released on Monday,Briefing.com Automated Import reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 7.59% from the stock’s current price.

Other analysts have also issued reports about the company. Bank of America lowered their price objective on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Barclays dropped their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Mizuho decreased their price objective on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Piper Sandler decreased their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Finally, TD Cowen cut their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $68.65.

General Mills Price Performance

NYSE GIS traded up $2.60 on Monday, hitting $67.10. 2,152,651 shares of the company were exchanged, compared to its average volume of 3,914,823. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a market cap of $36.98 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills has a 1-year low of $55.15 and a 1-year high of $75.90. The firm has a 50 day moving average of $60.33 and a two-hundred day moving average of $65.97.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the business earned $1.25 earnings per share. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that General Mills will post 4.36 EPS for the current year.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Gladstone Institutional Advisory LLC grew its stake in shares of General Mills by 6.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after buying an additional 268 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the period. J2 Capital Management Inc bought a new position in shares of General Mills in the 4th quarter valued at about $547,000. Nordea Investment Management AB increased its stake in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after purchasing an additional 3,058,414 shares during the last quarter. Finally, Lion Street Advisors LLC raised its holdings in shares of General Mills by 38.3% in the 4th quarter. Lion Street Advisors LLC now owns 1,048,863 shares of the company’s stock valued at $66,886,000 after purchasing an additional 290,240 shares during the period. 75.71% of the stock is currently owned by institutional investors.

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 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.