General Mills (NYSE:GIS) Stock Rating Reaffirmed by Stifel Nicolaus

General Mills (NYSE:GIS)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a research report issued on Monday, Benzinga reports. They currently have a $77.00 target price on the stock. Stifel Nicolaus’ price target indicates a potential upside of 8.73% from the company’s current price.

GIS has been the subject of several other reports. Mizuho upped their target price on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research note on Thursday, March 21st. HSBC raised their price objective on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Wells Fargo & Company upped their price target on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Finally, Barclays upped their price objective on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Trading Down 0.5 %

GIS opened at $70.82 on Monday. General Mills has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average of $67.17 and a 200 day moving average of $65.45. The firm has a market cap of $40.22 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.43 and a beta of 0.15.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, research analysts forecast that General Mills will post 4.51 EPS for the current year.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the transaction, the insider now owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 17,726 shares of company stock worth $1,187,811 in the last ninety days. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On General Mills

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Operose Advisors LLC boosted its stake in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in General Mills during the fourth quarter worth approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in General Mills in the 4th quarter valued at $28,000. Rise Advisors LLC boosted its stake in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in General Mills by 409.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.