General Mills, Inc. (GIS) Given Average Rating of “Hold” by Analysts
General Mills, Inc. (NYSE:GIS) has been assigned a consensus rating of “Hold” from the twenty-two research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $56.55.
GIS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Jefferies Group LLC initiated coverage on General Mills in a research note on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective for the company. Royal Bank Of Canada reduced their price objective on General Mills from $62.00 to $58.00 and set a “sector perform” rating for the company in a research note on Thursday, September 21st. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Wells Fargo & Company cut their price target on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research note on Friday, September 22nd.
Shares of General Mills (NYSE:GIS) traded up $1.50 during trading hours on Friday, reaching $53.28. The company’s stock had a trading volume of 5,047,637 shares, compared to its average volume of 3,696,659. The company has a market cap of $30,280.00, a P/E ratio of 17.35, a PEG ratio of 1.95 and a beta of 0.63. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. General Mills has a 52-week low of $49.65 and a 52-week high of $64.06.
General Mills (NYSE:GIS) last announced 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. sell-side analysts forecast that General Mills will post 3.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.68%. General Mills’s dividend payout ratio (DPR) is 70.25%.
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Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC lifted its holdings in General Mills by 21.8% during the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares in the last quarter. Boston Advisors LLC raised its holdings in shares of General Mills by 1.8% in the 2nd quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after acquiring an additional 375 shares in the last quarter. Bfsg LLC purchased a new stake in shares of General Mills in the 1st quarter valued at about $2,843,000. LVW Advisors LLC purchased a new stake in shares of General Mills in the 2nd quarter valued at about $2,515,000. Finally, PVG Asset Management Corp purchased a new stake in shares of General Mills in the 1st quarter valued at about $6,352,000. 69.58% of the stock is currently 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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