A number of other analysts have also recently weighed in on GIS. Zacks Investment Research raised shares of General Mills from a sell rating to a hold rating in a research note on Wednesday, August 23rd. BMO Capital Markets reaffirmed a hold rating and set a $60.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Royal Bank of Canada reaffirmed a hold rating and set a $62.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Consumer Edge raised shares of General Mills from a sell rating to a neutral rating in a research note on Friday, September 8th. Finally, Susquehanna Bancshares reissued a hold rating and issued a $58.00 price objective on shares of General Mills in a research note on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. General Mills presently has a consensus rating of Hold and a consensus target price of $57.52.
General Mills (GIS) traded up $0.77 during midday trading on Thursday, hitting $59.53. 7,547,600 shares of the company’s stock were exchanged, compared to its average volume of 3,780,278. The company has a market capitalization of $33,437.01, a PE ratio of 19.72, a PEG ratio of 2.17 and a beta of 0.66. General Mills has a 12-month low of $49.65 and a 12-month high of $63.73. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 1.79.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 annualized dividend and a yield of 3.29%. General Mills’s payout ratio is 71.79%.
A number of hedge funds have recently added to or reduced their stakes in GIS. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC raised its holdings in shares of General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the period. Grove Bank & Trust raised its holdings in shares of General Mills by 322.7% during the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares during the period. Tradewinds Capital Management LLC raised its holdings in shares of General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the period. Finally, Spectrum Management Group Inc. acquired a new position in shares of General Mills during the third quarter valued at about $135,000. Institutional investors and hedge funds own 72.62% of the company’s stock.
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About General Mills
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company 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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