General Mills (NYSE:GIS) PT Raised to $74.00

General Mills (NYSE:GIS) had its price target raised by research analysts at Barclays from $67.00 to $74.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 0.74% from the stock’s current price.

A number of other research firms have also recently weighed in on GIS. Mizuho decreased their price target on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. The Goldman Sachs Group started coverage on shares of General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Evercore ISI decreased their price objective on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. Finally, Bank of America raised their target price 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 equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, General Mills presently has an average rating of “Hold” and an average price target of $72.40.

General Mills Trading Down 0.5 %

Shares of GIS stock traded down $0.35 during mid-day trading on Friday, reaching $74.55. The company’s stock had a trading volume of 862,607 shares, compared to its average volume of 3,948,568. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $41.61 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. The company’s 50 day simple moving average is $69.69 and its 200-day simple moving average is $68.44. 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 data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. On average, research analysts predict that General Mills will post 4.5 EPS for the current fiscal year.

Institutional Trading of General Mills

A number of institutional investors and hedge funds have recently modified their holdings of GIS. Vanguard Group Inc. grew its position 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 boosted its stake in General Mills by 22.3% in 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 during the period. Capital World Investors grew its holdings in shares of 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 purchasing an additional 501,717 shares during the last quarter. Legal & General Group Plc raised its position in shares of General Mills by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock worth $356,151,000 after purchasing an additional 323,090 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

About General Mills

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.