Goldman Sachs Group, Inc. (The) reissued their sell rating on shares of General Mills, Inc. (NYSE:GIS) in a research report sent to investors on Wednesday.

GIS has been the topic of a number of other reports. BidaskClub upgraded shares of General Mills from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Consumer Edge upgraded shares of General Mills from a sell rating to a neutral rating in a research note on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 target price on shares of General Mills and gave the company a hold rating in a research note on Sunday, June 25th. BMO Capital Markets reiterated a market perform rating and issued a $57.00 target price (down from $60.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Piper Jaffray Companies reiterated a sell rating and issued a $53.00 target price on shares of General Mills in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. General Mills currently has an average rating of Hold and an average target price of $56.75.

Shares of General Mills (GIS) traded down 0.39% during midday trading on Wednesday, reaching $51.40. 2,606,053 shares of the company traded hands. General Mills has a 12-month low of $50.40 and a 12-month high of $64.06. The company has a 50-day moving average of $54.04 and a 200 day moving average of $56.00. The firm has a market capitalization of $29.21 billion, a PE ratio of 18.42 and a beta of 0.61.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts forecast that General Mills will post $3.08 earnings per share for the current year.

WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/08/goldman-sachs-group-inc-the-reaffirms-sell-rating-for-general-mills-inc-gis.html.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio (DPR) is currently 70.25%.

A number of institutional investors have recently bought and sold shares of the stock. Lenox Wealth Management Inc. increased its holdings in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares during the period. Lenox Wealth Advisors Inc. increased its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares during the period. LLBH Private Wealth Management LLC increased its holdings in General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares during the period. Davis R M Inc. increased its holdings in General Mills by 0.8% during the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after acquiring an additional 34 shares during the period. Finally, Hanson McClain Inc. increased its holdings in General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after acquiring an additional 35 shares during the period. 70.45% of the stock is currently owned by institutional investors and hedge funds.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Analyst Recommendations for General Mills (NYSE:GIS)

Receive News & Stock Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related stocks with our FREE daily email newsletter.