General Mills, Inc. (NYSE:GIS) Receives $39.39 Consensus Target Price from Brokerages

General Mills, Inc. (NYSE:GIS) has been given a consensus recommendation of “Reduce” by the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.0556.

A number of research analysts recently weighed in on GIS shares. Piper Sandler reduced their target price on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Royal Bank Of Canada cut their price objective on General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Stifel Nicolaus reduced their price objective on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of General Mills in a report on Tuesday, June 16th. Finally, Sanford C. Bernstein downgraded shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a research report on Wednesday, June 3rd.

General Mills Stock Up 1.8%

Shares of NYSE GIS opened at $36.04 on Monday. The stock has a market capitalization of $19.23 billion, a PE ratio of 8.81 and a beta of -0.03. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average of $34.12 and a 200-day moving average of $40.13. General Mills has a 52-week low of $31.75 and a 52-week high of $54.18.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider owned 62,283 shares in the company, valued at $2,148,763.50. The trade was a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GIS. Basecamp Wealth Advisors LLC lifted its position in General Mills by 18.6% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,824 shares of the company’s stock worth $142,000 after acquiring an additional 599 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in General Mills in the first quarter valued at approximately $639,000. Empowered Funds LLC raised its stake in shares of General Mills by 5.2% during the first quarter. Empowered Funds LLC now owns 209,451 shares of the company’s stock valued at $7,796,000 after purchasing an additional 10,323 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in shares of General Mills by 2.5% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 16,185 shares of the company’s stock worth $602,000 after purchasing an additional 393 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of General Mills by 72.8% during the first quarter. NewEdge Advisors LLC now owns 123,524 shares of the company’s stock worth $4,598,000 after purchasing an additional 52,046 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.