Shares of General Mills, Inc. (NYSE:GIS) have been given an average rating of “Hold” by the twenty-five brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $50.40.

A number of analysts have issued reports on the company. Bank of America reissued a “hold” rating and issued a $49.00 target price on shares of General Mills in a research report on Wednesday, June 27th. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 target price on shares of General Mills in a research report on Wednesday, June 27th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Barclays reissued a “hold” rating and issued a $48.00 target price on shares of General Mills in a research report on Friday, March 23rd. Finally, Piper Jaffray Companies set a $45.00 target price on General Mills and gave the stock a “hold” rating in a research report on Thursday, July 12th.

In related news, insider Jacqueline Williams-Roll sold 2,450 shares of the business’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $43.23, for a total transaction of $105,913.50. Following the completion of the transaction, the insider now directly owns 39,074 shares in the company, valued at $1,689,169.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey L. Harmening bought 6,000 shares of General Mills stock in a transaction that occurred on Wednesday, May 23rd. The shares were acquired at an average price of $42.18 per share, with a total value of $253,080.00. Following the completion of the transaction, the chief executive officer now owns 114,696 shares of the company’s stock, valued at $4,837,877.28. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 142,614 shares of company stock valued at $6,406,124. 1.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of GIS. HC Financial Advisors Inc. purchased a new position in General Mills during the fourth quarter worth about $766,000. BlueCrest Capital Management Ltd purchased a new position in General Mills during the fourth quarter worth about $225,000. Brandywine Global Investment Management LLC purchased a new position in General Mills during the fourth quarter worth about $6,376,000. Franklin Resources Inc. grew its position in General Mills by 6.7% during the fourth quarter. Franklin Resources Inc. now owns 509,269 shares of the company’s stock worth $30,258,000 after buying an additional 31,846 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in General Mills by 7.7% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 134,769 shares of the company’s stock worth $7,989,000 after buying an additional 9,628 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

General Mills traded up $0.01, reaching $43.36, during mid-day trading on Friday, Marketbeat Ratings reports. 3,427,404 shares of the company’s stock were exchanged, compared to its average volume of 5,342,930. The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 1.95. General Mills has a one year low of $41.01 and a one year high of $60.69. The firm has a market capitalization of $25.72 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.67 and a beta of 0.79.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.07. General Mills had a return on equity of 35.14% and a net margin of 13.54%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. analysts predict that General Mills will post 3.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Tuesday, July 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, July 9th. General Mills’s dividend payout ratio (DPR) is presently 63.02%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods in the United States. The company operates in four segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, shelf stable and frozen vegetables, and ice cream and frozen desserts, as well as grain, fruit and savory snacks; and various organic products, including nutrition bars, meal kits, salty snacks, and ready-to-eat cereal.

See Also: What is the Book Value of a Share?

Analyst Recommendations for General Mills (NYSE:GIS)

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.