Susquehanna Bancshares set a $61.00 target price on General Mills (NYSE:GIS) in a report published on Friday morning. The firm currently has a hold rating on the stock.

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.

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 Zacks’ consensus estimate of $0.82. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. research analysts predict that General Mills will post 3.12 EPS for the current year.

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.

COPYRIGHT VIOLATION NOTICE: “General Mills (GIS) Given a $61.00 Price Target by Susquehanna Bancshares Analysts” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/general-mills-gis-given-a-61-00-price-target-by-susquehanna-bancshares-analysts/1799562.html.

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.

Analyst Recommendations for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.