Argus Reiterates “Hold” Rating for General Mills (GIS)

General Mills (NYSE:GIS)‘s stock had its “hold” rating reaffirmed by research analysts at Argus in a note issued to investors on Wednesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Friday, September 15th. Citigroup restated a “buy” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the company a “buy” rating in a research note on Thursday, December 21st. Morgan Stanley restated an “equal weight” rating and issued a $52.00 price target (down from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $58.00 price target on shares of General Mills in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. General Mills has an average rating of “Hold” and an average price target of $57.52.

Shares of General Mills (NYSE GIS) opened at $59.55 on Wednesday. The stock has a market cap of $34,245.05, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills has a one year low of $49.65 and a one year high of $63.73.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a net margin of 10.00% and a return on equity of 42.45%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. equities analysts predict that General Mills will post 3.12 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of GIS. PVG Asset Management Corp acquired a new stake in General Mills during the 1st quarter worth approximately $6,352,000. Fiduciary Trust Co. boosted its position in General Mills by 14.0% during the 1st quarter. Fiduciary Trust Co. now owns 135,170 shares of the company’s stock worth $7,976,000 after buying an additional 16,563 shares during the period. Westwood Holdings Group Inc. raised its holdings in General Mills by 1.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 2,737,859 shares of the company’s stock worth $161,561,000 after purchasing an additional 35,996 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in General Mills during the 1st quarter worth approximately $2,212,000. Finally, Credit Suisse AG raised its holdings in General Mills by 4.8% during the 1st quarter. Credit Suisse AG now owns 1,304,545 shares of the company’s stock worth $76,979,000 after purchasing an additional 59,891 shares during the last quarter. Institutional investors and hedge funds own 72.70% 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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