General Mills (NYSE:GIS) has been assigned a $62.00 price objective by equities research analysts at Credit Suisse Group in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 4.89% from the stock’s previous close.
GIS has been the subject of several other research reports. Susquehanna Bancshares set a $61.00 price target on General Mills and gave the stock a “hold” rating in a research note on Friday, January 5th. Piper Jaffray Companies upgraded General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target for the company in a research note on Wednesday, January 3rd. Argus reiterated a “hold” rating on shares of General Mills in a research note on Wednesday, December 27th. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Finally, Wells Fargo & Co set a $65.00 price target on General Mills and gave the stock a “buy” rating in a research note on Thursday, December 21st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.28.
General Mills (GIS) opened at $59.11 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a market capitalization of $33,640.00, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66.
In related news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in General Mills by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock valued at $2,214,240,000 after purchasing an additional 533,919 shares during the period. American Century Companies Inc. raised its holdings in General Mills by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after acquiring an additional 1,550,074 shares in the last quarter. American International Group Inc. raised its holdings in General Mills by 1,708.4% in the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after acquiring an additional 8,528,534 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in General Mills by 13.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock valued at $387,691,000 after acquiring an additional 890,262 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares in the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.
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General Mills Company Profile
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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