General Mills (NYSE:GIS) receives $74.00 price target at Credit Suisse Group
General Mills (NYSE: GIS – Get an Assessment) received a price target of $74.00 from Credit Suisse Group equity researchers in a research note released Tuesday to investors, Stock Target Advisor reports. Credit Suisse Group’s target price indicates a potential downside of 0.50% from the company’s current price.
GIS has been the subject of a number of other research reports. Royal Bank of Canada raised its price target on General Mills from $66.00 to $68.00 and gave the stock an “sector performance” rating in a Friday, July 1 research report. Deutsche Bank Aktiengesellschaft raised its price target on General Mills from $75.00 to $81.00 and gave the stock a “buy” rating in a Thursday, June 30 research report. StockNews.com upgraded General Mills from a “hold” rating to a “buy” rating in a Thursday, March 24 research report. Citigroup raised its price target on General Mills from $82.00 to $88.00 and gave the stock a “buy” rating in a Thursday, June 30 research report. Finally, BMO Capital Markets raised its price target on General Mills from $66.00 to $80.00 and gave the company a “market performance” rating in a Thursday, June 30 report. One research analyst gave the stock a sell rating, seven gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.73.
General Mills stock up 0.6%
NYSE GIS rose $0.42 during trading hours on Tuesday, hitting $74.37. 3,019,856 shares of the company were traded, against an average volume of 4,095,705. The company’s 50-day moving average is $70.84 and its two-hundred-day moving average is $69.12. General Mills has a one-year low of $56.67 and a one-year high of $76.94. The company has a debt ratio of 0.85, a quick ratio of 0.40 and a current ratio of 0.63. The company has a market capitalization of $44.41 billion, a price-to-earnings ratio of 16.83, a growth price-to-earnings ratio of 2.49 and a beta of 0.37.
General Mills (NYSE:GIS – Get Rating) last released its results on Wednesday, June 29. The company reported earnings per share (EPS) of $1.12 for the quarter, beating analyst consensus estimates of $1.01 by $0.11. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The company posted revenue of $4.89 billion in the quarter, compared to $4.81 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $0.91. General Mills’ revenue for the quarter increased 8.1% over the same quarter last year. On average, analysts expect General Mills to post 4 EPS for the current fiscal year.
Insider buying and selling
Separately, insider Shawn P. Ogrady sold 43,565 shares of the company in a trade on Wednesday, April 20. The stock was sold at an average price of $71.90, for a total value of $3,132,323.50. Following the transaction, the insider now owns 87,554 shares of the company, valued at $6,295,132.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. Separately, insider Shawn P. Ogrady sold 43,565 shares of the company in a trade dated Wednesday, April 20. The stock was sold at an average price of $71.90, for a total value of $3,132,323.50. Following the sale, the insider now directly owns 87,554 shares of the company, valued at $6,295,132.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Dana M. Mcnabb sold 10,993 shares of the company in a trade dated Wednesday, July 6. The shares were sold at an average price of $76.16, for a total value of $837,226.88. Following the completion of the sale, the insider now directly owns 14,884 shares of the company, valued at $1,133,565.44. The disclosure of this sale can be found here. During the last quarter, insiders sold 86,302 shares of the company worth $6,349,584. Insiders of the company hold 0.53% of the shares of the company.
General Mills Institutional Trading
A number of hedge funds have recently changed their positions in the business. Clearview Wealth Advisors LLC increased its stake in General Mills shares by 2.2% in the first quarter. Clearview Wealth Advisors LLC now owns 6,465 shares of the company valued at $438,000 after purchasing an additional 142 shares last quarter. Prospera Financial Services Inc increased its stake in General Mills shares by 1.5% during the first quarter. Prospera Financial Services Inc now owns 9,699 shares of the company valued at $657,000 after purchasing an additional 142 shares in the last quarter. Wealth Alliance increased its stake in General Mills shares by 1.9% in the first quarter. Wealth Alliance now owns 7,794 shares of the company worth $528,000 after acquiring an additional 142 shares during the period. Camden Capital LLC increased its stake in General Mills shares by 4.2% in the first quarter. Camden Capital LLC now owns 3,608 shares of the company worth $244,000 after acquiring an additional 145 shares during the period. Finally, BLB&B Advisors LLC increased its stake in General Mills shares by 2.3% in the first quarter. BLB&B Advisors LLC now owns 6,545 shares of the company worth $443,000 after acquiring an additional 146 shares during the period. 74.63% of the shares are held by institutional investors and hedge funds.
General Mills Company Profile
(Get a rating)
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.
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