General Mills (GIS) Scheduled to Post Earnings on Wednesday

General Mills (NYSE:GIS) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, June 26th. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

General Mills Stock Performance

General Mills stock opened at $67.08 on Monday. The firm has a market capitalization of $38.09 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.12. General Mills has a one year low of $60.33 and a one year high of $82.59. The stock’s 50 day moving average price is $68.85 and its 200 day moving average price is $66.78. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GIS shares. Sanford C. Bernstein raised shares of General Mills from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $62.00 to $70.00 in a research report on Wednesday, May 15th. Bank of America upped their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, Morgan Stanley raised their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.94.

Insider Buying and Selling at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.24% 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.