General Mills (NYSE:GIS – Get Free Report) had its price objective lowered by research analysts at Wells Fargo & Company from $68.00 to $64.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 5.09% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. Stifel Nicolaus reduced their target price on shares of General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Finally, TD Cowen cut their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.31.
Read Our Latest Stock Analysis on General Mills
General Mills Trading Up 0.0 %
General Mills (NYSE:GIS – Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. As a group, research analysts predict that General Mills will post 4.5 earnings per share for the current fiscal year.
Insider Buying and Selling
In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of General Mills stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total value of $576,156.24. Following the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at $1,055,870.64. This trade represents a 35.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,624 shares of company stock valued at $3,897,326. 0.26% of the stock is owned by insiders.
Institutional Trading of General Mills
A number of large investors have recently made changes to their positions in the business. Values First Advisors Inc. purchased a new position in General Mills during the third quarter worth $27,000. First Foundation Advisors increased its stake in General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp boosted its stake in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Fairscale Capital LLC bought a new stake in General Mills during the 2nd quarter valued at about $42,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of General Mills during the third quarter worth approximately $44,000. 75.71% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than General Mills
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Moderna Shares Spike on H5N1 News—What’s Next for Investors?
- Using the MarketBeat Dividend Tax Calculator
- Nebius Group (NBIS): A Small-Cap Backed by NVIDIA
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Natural Gas Demand to Surge: Top 3 Stocks and ETFs to Consider
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.