Credit Suisse Group Analysts Give General Mills (GIS) a $62.00 Price Target
Other equities analysts also recently issued research reports about the stock. Bank of America cut their target price on shares of General Mills from $61.00 to $55.00 and set a neutral rating on the stock in a research note on Thursday, September 21st. Citigroup reissued a buy rating and issued a $67.00 target price on shares of General Mills in a research note on Thursday, September 21st. Susquehanna Bancshares set a $56.00 target price on shares of General Mills and gave the company a hold rating in a research note on Tuesday, October 17th. Morgan Stanley reissued an equal weight rating and issued a $52.00 target price (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Zacks Investment Research raised shares of General Mills from a hold rating to a buy rating and set a $62.00 target price on the stock in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. General Mills currently has a consensus rating of Hold and an average price target of $58.28.
Shares of General Mills (NYSE GIS) traded up $0.45 during mid-day trading on Thursday, hitting $59.11. 4,130,381 shares of the stock were exchanged, compared to its average volume of 3,820,000. General Mills has a fifty-two week low of $49.65 and a fifty-two week high of $63.73. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market cap of $33,640.00, a P/E ratio of 21.65, a PEG ratio of 2.61 and a beta of 0.66.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.32%. The ex-dividend date is Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is 71.79%.
In related news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. grew its holdings in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares in the last quarter. LLBH Private Wealth Management LLC grew its holdings in General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares in the last quarter. CFO4Life Group LLC grew its holdings in General Mills by 1.3% during the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after acquiring an additional 48 shares in the last quarter. Argent Trust Co grew its holdings in General Mills by 0.6% during the 2nd quarter. Argent Trust Co now owns 16,141 shares of the company’s stock worth $894,000 after acquiring an additional 100 shares in the last quarter. Finally, Associated Banc Corp grew its holdings in General Mills by 0.3% during the 2nd quarter. Associated Banc Corp now owns 28,880 shares of the company’s stock worth $1,600,000 after acquiring an additional 100 shares in the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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