General Mills (NYSE:GIS) received a $61.00 price objective from stock analysts at Susquehanna Bancshares in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price objective would suggest a potential upside of 11.01% from the stock’s current price.
GIS has been the subject of a number of other reports. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research report on Wednesday, January 3rd. Edward Jones reissued a “hold” rating on shares of General Mills in a research report on Wednesday, December 20th. BMO Capital Markets reissued a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group reissued a “neutral” rating and set a $58.00 price objective (down from $62.00) on shares of General Mills in a research report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.86.
General Mills (NYSE GIS) opened at $54.95 on Friday. General Mills has a fifty-two week low of $49.65 and a fifty-two week high of $61.38. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $31,001.50, a price-to-earnings ratio of 20.13, a PEG ratio of 2.38 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting 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 analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. research analysts expect that General Mills will post 3.15 earnings per share for the current year.
In other news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the transaction, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Avestar Capital LLC purchased a new position in shares of General Mills in the 4th quarter valued at about $100,000. Truewealth LLC purchased a new position in shares of General Mills in the 4th quarter valued at about $119,000. Financial Gravity Companies Inc. purchased a new position in shares of General Mills in the 4th quarter valued at about $131,000. Cable Hill Partners LLC boosted its stake in shares of General Mills by 274.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after buying an additional 1,647 shares during the period. Finally, Grove Bank & Trust boosted its stake in shares of General Mills by 322.7% in the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after buying an additional 1,878 shares during the period. Institutional investors and hedge funds own 72.89% of the company’s stock.
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About General Mills
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.
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