General Mills, Inc. (GIS)

Judith Bessette
Abril 20, 2017

They now have a United States dollars 66 price target on the stock. During the same quarter past year, the firm posted $0.65 EPS.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada restated a "hold" rating on shares of General Mills in a report on Sunday, March 12th. The firm has "Hold" rating given on Wednesday, February 15 by Deutsche Bank. Zacks Investment Research upgraded General Mills from a "sell" rating to a "hold" rating in a report on Monday, March 20th. Finally, Barclays PLC dropped their target price on General Mills from $66.00 to $64.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 21st. The company now has an average rating of "Hold" and an average price target of $65.13. The stock is -2.58% below another chart threshold, its 50-day moving average and -0.09% below its 20-day simple moving average. A total of 2.06 million shares exchanged hands as contrast to its average trading volume of 4.54 million shares. Over the last six months, General Mills, Inc.'s stock has been -4.34% and -4.13% for the year. The company has a 50-day moving average of $59.53 and a 200 day moving average of $61.39. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 21.56.

In the last Quarter, General Mills, Inc. The company pays a US$0.48-cent-per-share quarterly dividend, giving it a 3.3% yield.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. General Mills had a net margin of 10.23% and a return on equity of 35.10%. General Mills's revenue was down 5.2% compared to the same quarter past year. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Equities analysts forecast that General Mills will post $3.06 earnings per share for the current year. Shareholders of record on Monday, April 10th will be paid a $0.48 dividend. Raymond James upgraded the shares of TCBI in report on Thursday, April 6 to "Strong Buy" rating. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. General Mills's dividend payout ratio is 71.64%.

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Analyst Ratings History For General Mills, Inc. If you are viewing this news story on another domain, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/04/19/general-mills-inc-gis-stake-held-by-eastern-bank.html.

In related news, insider Jonathon Nudi acquired 1,800 shares of the business's stock in a transaction dated Wednesday, April 12th. Following the completion of the purchase, the insider now owns 34,077 shares in the company, valued at approximately $1,957,723.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. During the trading on 04/18/2017, Company's stock ranged from $58.60 to $57.60.

Several other hedge funds and other institutional investors have also bought and sold shares of GIS. See General Mills, Inc. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company's stock valued at $107,000 after buying an additional 14 shares during the period. Morgan Stanley now owns 4,575,674 shares of the company's stock worth $292,293,000 after buying an additional 600,110 shares in the last quarter. Finally, Morgan Stanley increased its stake in General Mills by 15.1% in the third quarter. Northern Trust Corp now owns 8,843,959 shares of the company's stock worth $564,952,000 after buying an additional 103,649 shares during the last quarter. BlackRock Fund Advisors increased its stake in General Mills by 2.4% in the third quarter. Norges Bank purchased a new stake in General Mills during the fourth quarter valued at $297,782,000. Northern Trust Corp increased its stake in General Mills by 1.2% in the third quarter. Smith Moore & CO. now owns 10,791 shares of the company's stock worth $667,000 after buying an additional 40 shares in the last quarter. It increased, as 70 investors sold GIS shares while 405 reduced holdings.

Historically, if we look at price target revisions, two weeks ago General Mills, Inc. The Firm 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.

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