General Mills, Inc. (GIS) Earns “Sell” Rating from Goldman Sachs Group, Inc. (The)
A number of other analysts also recently weighed in on GIS. UBS AG reissued a neutral rating and set a $58.00 price target (down previously from $61.00) on shares of General Mills in a research report on Friday, June 30th. Piper Jaffray Companies set a $56.00 price target on shares of General Mills and gave the stock a sell rating in a research report on Monday, August 7th. BidaskClub raised shares of General Mills from a sell rating to a hold rating in a research report on Wednesday, August 2nd. BMO Capital Markets reissued a hold rating on shares of General Mills in a research report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc set a $59.00 price target on shares of General Mills and gave the stock a hold rating in a research report on Sunday, June 25th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. General Mills presently has a consensus rating of Hold and an average target price of $56.75.
Shares of General Mills (NYSE:GIS) traded down 0.39% on Wednesday, hitting $51.40. 2,606,053 shares of the stock traded hands. General Mills has a 12-month low of $50.40 and a 12-month high of $64.06. The firm’s 50-day moving average is $54.04 and its 200 day moving average is $56.00. The firm has a market cap of $29.21 billion, a P/E ratio of 18.42 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. Equities research analysts forecast that General Mills will post $3.08 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/general-mills-inc-gis-earns-sell-rating-from-goldman-sachs-group-inc-the/1615956.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio is presently 70.25%.
A number of institutional investors have recently added to or reduced their stakes in the business. Lenox Wealth Advisors Inc. boosted its holdings in shares of General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after acquiring an additional 15 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in shares of General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after acquiring an additional 69 shares during the period. Hanson McClain Inc. boosted its holdings in shares of General Mills by 1.5% during the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after acquiring an additional 35 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after acquiring an additional 627 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of General Mills by 11.2% during the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after acquiring an additional 253 shares during the period. 70.45% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.