General Mills (NYSE:GIS) Price Target Raised to $75.00

General Mills (NYSE:GIS) had its target price raised by equities research analysts at TD Cowen from $72.00 to $75.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 0.43% from the stock’s previous close.

A number of other analysts have also recently weighed in on GIS. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Thursday. Mizuho lowered their target price on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Barclays upped their price target on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday. Argus reiterated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Finally, Bank of America increased their price target on General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $72.73.

General Mills Stock Down 0.3 %

NYSE:GIS traded down $0.22 during trading hours on Friday, reaching $74.68. The company’s stock had a trading volume of 1,170,528 shares, compared to its average volume of 3,950,260. The stock has a 50 day moving average price of $69.69 and a two-hundred day moving average price of $68.44. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The company has a market capitalization of $41.68 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. General Mills has a 12 month low of $60.33 and a 12 month high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period in the previous year, the company posted $1.09 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts predict that General Mills will post 4.5 EPS for the current fiscal year.

Institutional Trading of General Mills

A number of hedge funds and other institutional investors have recently made changes to their positions in GIS. Vanguard Group Inc. raised its stake in shares of General Mills by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock valued at $4,219,113,000 after buying an additional 8,444,312 shares during the last quarter. Capital Research Global Investors raised its position in General Mills by 22.3% during the first quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after acquiring an additional 2,488,341 shares in the last quarter. Capital World Investors raised its position in General Mills by 7.6% during the fourth quarter. Capital World Investors now owns 7,074,884 shares of the company’s stock valued at $460,858,000 after acquiring an additional 501,717 shares in the last quarter. Legal & General Group Plc lifted its holdings in General Mills by 6.1% in the second quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock valued at $356,151,000 after acquiring an additional 323,090 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in General Mills by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock worth $342,478,000 after purchasing an additional 148,235 shares in 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.