General Mills, Inc. (NYSE:GIS) Receives Average Recommendation of “Hold” from Analysts

Shares of General Mills, Inc. (NYSE:GIS) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $72.67.

GIS has been the topic of a number of research reports. Barclays increased their price objective on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, September 19th. TD Cowen increased their price objective on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their price target on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Piper Sandler increased their price target on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th.

Insider Activity

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,555 shares of company stock worth $4,721,336 over the last three months. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On General Mills

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in shares of General Mills by 0.7% during the third quarter. Franklin Resources Inc. now owns 438,014 shares of the company’s stock valued at $31,025,000 after acquiring an additional 2,842 shares during the last quarter. Synovus Financial Corp increased its position in shares of General Mills by 72.6% during the third quarter. Synovus Financial Corp now owns 517,820 shares of the company’s stock valued at $38,241,000 after acquiring an additional 217,774 shares during the last quarter. Tidal Investments LLC increased its position in shares of General Mills by 29.8% during the third quarter. Tidal Investments LLC now owns 53,335 shares of the company’s stock valued at $3,939,000 after acquiring an additional 12,248 shares during the last quarter. Optimist Retirement Group LLC increased its position in shares of General Mills by 19.0% during the third quarter. Optimist Retirement Group LLC now owns 28,362 shares of the company’s stock valued at $2,095,000 after acquiring an additional 4,528 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of General Mills by 138.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company’s stock valued at $2,768,000 after acquiring an additional 21,790 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 0.4 %

Shares of General Mills stock opened at $66.23 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills has a 12-month low of $61.47 and a 12-month high of $75.90. The firm has a market capitalization of $36.77 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 3.41 and a beta of 0.11. The firm’s 50 day simple moving average is $68.94 and its two-hundred day simple moving average is $68.52.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Analysts predict that General Mills will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is 57.14%.

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.