General Mills (NYSE:GIS) PT Raised to $76.00

General Mills (NYSE:GIS) had its target price increased by equities research analysts at Citigroup from $68.00 to $76.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 1.16% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI reduced their price objective on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. Barclays reduced their price target on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, June 28th. Mizuho lowered their price objective on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Wells Fargo & Company boosted their target price on shares of General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their target price on General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.60.

General Mills Stock Performance

Shares of GIS traded up $1.42 during mid-day trading on Monday, reaching $75.13. The company’s stock had a trading volume of 1,482,054 shares, compared to its average volume of 3,928,233. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17. General Mills has a 1-year low of $60.33 and a 1-year high of $75.90. The business has a 50-day simple moving average of $68.73 and a two-hundred day simple moving average of $68.20. The stock has a market cap of $41.93 billion, a P/E ratio of 17.45, a PEG ratio of 3.86 and a beta of 0.10.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. As a group, equities research analysts anticipate that General Mills will post 4.5 earnings per share for the current fiscal year.

Institutional Trading of General Mills

Large investors have recently made changes to their positions in the company. Rise Advisors LLC lifted its holdings in shares of General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of General Mills by 409.8% in the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of General Mills by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. RFP Financial Group LLC increased its position in shares of General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its position in General Mills by 769.2% in the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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 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.