General Mills, Inc. (NYSE:GIS)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research report issued to clients and investors on Thursday. They presently have a $67.00 price target on the stock. Citigroup Inc.’s target price would suggest a potential upside of 30.78% from the company’s current price.

Several other analysts have also recently weighed in on GIS. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies started coverage on shares of General Mills in a research note on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 price target for the company. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $59.00 price target (down previously from $62.00) on shares of General Mills in a research note on Tuesday, May 30th. BMO Capital Markets reissued a “hold” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, June 15th. Finally, BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. General Mills currently has an average rating of “Hold” and a consensus target price of $57.66.

General Mills (NYSE GIS) opened at 51.23 on Thursday. The company has a 50-day moving average price of $55.75 and a 200-day moving average price of $56.75. The company has a market capitalization of $29.56 billion, a PE ratio of 18.49 and a beta of 0.62. General Mills has a one year low of $51.06 and a one year high of $65.57.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the company earned $0.78 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that General Mills will post $3.09 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in GIS. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after buying an additional 69 shares in the last quarter. Hanson McClain Inc. lifted its holdings in General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after buying an additional 627 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in General Mills by 11.2% during the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after buying an additional 253 shares in the last quarter. Institutional investors own 69.38% of the company’s stock.

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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