Credit Suisse Group raises General Mills (NYSE:GIS) price target to $72.00

General Mills (NYSE: GIS – Get an Assessment) had its price target raised by investment analysts Credit Suisse Group from $68.00 to $72.00 in a research note released on Thursday, reports The Fly. Credit Suisse Group’s price target indicates a potential downside of 3.46% from the current share price.

Other analysts also released reports on the stock. Deutsche Bank Aktiengesellschaft raised its price target on General Mills shares from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group began covering General Mills shares in a research report on Wednesday, March 30. They set a “neutral” rating and a target price of $69.00 on the stock. StockNews.com downgraded General Mills from a “hold” rating to a “buy” rating in a Thursday, March 24, report. Piper Sandler raised its price target on General Mills from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut its price target on General Mills from $67.00 to $64.00 and set a “neutral” rating for the company in a Tuesday, March 22 report. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned the stock a buy rating. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and an average price target of $71.45.

(A d)

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

General Mills shares traded down $0.14 during trading hours Thursday, hitting $74.58. 104,496 shares of the company were traded, against an average volume of 3,804,289. The company has a quick ratio of 0.49, a current ratio of 0.74 and a leverage ratio of 1.09. General Mills has a 1 year low of $56.67 and a 1 year high of $75.00. The company has a fifty-day moving average of $69.79 and a two-hundred-day moving average of $68.29. The company has a market capitalization of $44.91 billion, a P/E ratio of 19.89, a price-to-earnings growth ratio of 2.37 and a beta of 0.45.

General Mills (NYSE:GIS – Get Rating) last released its results on Wednesday, June 29. The company reported EPS of $1.12 for the quarter, beating consensus analyst estimates of $1.01 by $0.11. General Mills had a net margin of 12.36% and a return on equity of 23.10%. The company posted revenue of $4.89 billion for the quarter, versus $4.81 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.91. General Mills’ revenue for the quarter increased 8.1% over the same quarter last year. As a group, research analysts predict that General Mills will post EPS of 3.83 for the current year.

Separately, insider Shawn P. Ogrady sold 43,565 shares of General Mills in a trade dated Wednesday, April 20. The stock was sold at an average price of $71.90, for a total transaction of $3,132,323.50. Following the completion of the sale, the insider now owns 87,554 shares of the company, valued at approximately $6,295,132.60. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider Shawn P. Ogrady sold 27,157 shares of General Mills in a trade dated Tuesday, April 5. The stock was sold at an average price of $69.50, for a total value of $1,887,411.50. Following the sale, the insider now owns 87,554 shares of the company, valued at approximately $6,085,003. The disclosure of this sale can be found here. During the last quarter, insiders sold 81,633 shares of the company valued at $5,768,339. 0.53% of the shares are currently held by insiders of the company.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Adalta Capital Management LLC purchased a new stake in General Mills in Q1 worth approximately $142,000. Offit Capital Advisors LLC increased its holdings in General Mills by 30.5% in the first quarter. Offit Capital Advisors LLC now owns 4,055 shares of the company valued at $275,000 after purchasing an additional 947 shares during the period. Bank of America Corp DE increased its stake in General Mills by 15.6% in the first quarter. Bank of America Corp DE now owns 6,227,105 shares of the company valued at $421,700,000 after purchasing an additional 842,191 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new stake in General Mills in Q1 valued at approximately $443,000. Finally, Fortitude Advisory Group LLC increased its stake in General Mills shares by 11.5% in the 1st quarter. Fortitude Advisory Group LLC now owns 6,116 shares of the company valued at $414,000 after purchasing an additional 630 shares in the last quarter. Institutional investors hold 74.63% of the company’s shares.

General Mills Company Profile (Get an assessment)

General Mills, Inc. manufactures and markets branded consumer foods worldwide. The Company operates through five segments: North America Retail; Convenience stores and food services; Europe and Australia; Asia and Latin America; and pet. It offers ready-to-eat cereals, chilled yogurts, soups, meal kits, chilled and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and snacks, snacks -bars, fruit and savory snacks, ice cream, nutritional bars. , wellness drinks and savory and cereal snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Read more

The Fly logo

Analyst recommendations for General Mills (NYSE: GIS)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in General Mills right now?

Before you consider General Mills, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and General Mills wasn’t on the list.

While General Mills currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Eleanor C. William