Goldman Sachs Group, Inc. (The) reissued their sell rating on shares of General Mills, Inc. (NYSE:GIS) in a research report report published on Wednesday morning.

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.

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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.

Analyst Recommendations for General Mills (NYSE:GIS)

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