General Mills, Inc. (NYSE:GIS) Receives $72.67 Average PT from Brokerages

General Mills, Inc. (NYSE:GIS) has received an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $72.67.

A number of brokerages recently issued reports on GIS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, September 19th. Piper Sandler increased their price objective on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Stifel Nicolaus boosted their target price on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. The Goldman Sachs Group started coverage on General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price for the company. Finally, TD Cowen lifted their price target on General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th.

General Mills Stock Performance

GIS opened at $66.02 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $69.29 and its 200-day moving average is $68.55. The stock has a market cap of $36.65 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 3.38 and a beta of 0.11. General Mills has a twelve month low of $61.47 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts predict that General Mills will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is presently 57.14%.

Insider Transactions at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the sale, the insider now owns 36,184 shares of the company’s stock, valued at $2,700,411.92. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,555 shares of company stock valued at $4,721,336 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On General Mills

A number of large investors have recently made changes to their positions in the business. Values First Advisors Inc. acquired a new stake in shares of General Mills during the 3rd quarter valued at $27,000. First Foundation Advisors grew its stake in General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Planning Capital Management Corp increased its position in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of General Mills during the 2nd quarter worth about $38,000. Finally, Beacon Capital Management LLC lifted its holdings in shares of General Mills by 47.5% during the 1st quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock valued at $39,000 after buying an additional 180 shares during the last quarter. 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.