General Mills (GIS) Given a $61.00 Price Target by Susquehanna Bancshares Analysts
GIS has been the topic of a number of other reports. Zacks Investment Research cut shares of General Mills from a hold rating to a sell rating in a report on Monday, October 23rd. Jefferies Group initiated coverage on shares of General Mills in a report on Friday, October 20th. They issued a hold rating and a $56.00 price target on the stock. Societe Generale upgraded shares of General Mills from a sell rating to a hold rating in a report on Wednesday, November 8th. Edward Jones restated a hold rating on shares of General Mills in a report on Wednesday, December 20th. Finally, Royal Bank of Canada cut their price target on shares of General Mills from $62.00 to $58.00 and set a sector perform rating on the stock in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. General Mills currently has a consensus rating of Hold and a consensus target price of $58.17.
General Mills (NYSE:GIS) opened at $60.12 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. The company has a market cap of $34,210.00, a PE ratio of 22.02, a PEG ratio of 2.64 and a beta of 0.66. General Mills has a 1-year low of $49.65 and a 1-year high of $63.73.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Tuesday, January 9th. General Mills’s payout ratio is 71.79%.
Several hedge funds have recently added to or reduced their stakes in GIS. Fulton Bank N.A. lifted its position in shares of General Mills by 9.4% during the second quarter. Fulton Bank N.A. now owns 40,142 shares of the company’s stock valued at $2,224,000 after buying an additional 3,438 shares during the last quarter. Carlson Capital Management purchased a new stake in shares of General Mills during the second quarter valued at about $437,000. First Financial Bank Trust Division lifted its position in shares of General Mills by 13.1% during the second quarter. First Financial Bank Trust Division now owns 17,106 shares of the company’s stock valued at $948,000 after buying an additional 1,986 shares during the last quarter. Hays Advisory LLC lifted its position in shares of General Mills by 7.0% during the second quarter. Hays Advisory LLC now owns 3,995 shares of the company’s stock valued at $221,000 after buying an additional 262 shares during the last quarter. Finally, Nepsis Capital Management Inc. lifted its position in shares of General Mills by 7.5% during the second quarter. Nepsis Capital Management Inc. now owns 122,622 shares of the company’s stock valued at $6,793,000 after buying an additional 8,552 shares during the last quarter. 72.59% of the stock is owned by institutional investors and hedge funds.
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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