Edward Jones upgraded shares of General Mills (NYSE:GIS) from a hold rating to a buy rating in a report published on Monday, The Fly reports.

GIS has been the topic of a number of other reports. Goldman Sachs Group set a $27.00 price target on shares of Melco Resorts & Entertainment and gave the company a buy rating in a report on Tuesday, May 28th. Morgan Stanley lifted their price target on shares of General Mills from $49.00 to $52.00 and gave the company an equal weight rating in a report on Thursday, June 27th. Bank of America set a $120.00 price target on shares of Walmart and gave the company a buy rating in a report on Friday, May 17th. Jefferies Financial Group lifted their price target on shares of Just Eat from GBX 1,050 ($13.72) to GBX 1,150 ($15.03) and gave the company a buy rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. downgraded shares of VESTAS WIND SYS/ADR from a neutral rating to an underweight rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. General Mills presently has a consensus rating of Hold and a consensus price target of $52.66.

Shares of NYSE GIS opened at $53.05 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.37 and a current ratio of 0.59. The company has a market cap of $31.82 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.24 and a beta of 0.77. The company has a fifty day moving average of $52.58. General Mills has a 52-week low of $36.42 and a 52-week high of $54.74.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.24 billion. General Mills had a net margin of 10.39% and a return on equity of 27.67%. General Mills’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. As a group, equities analysts anticipate that General Mills will post 3.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Tuesday, July 9th. This represents a $1.96 annualized dividend and a yield of 3.69%. General Mills’s payout ratio is 60.87%.

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in General Mills by 21.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,471,138 shares of the company’s stock worth $96,224,000 after buying an additional 433,796 shares during the period. Brown Advisory Inc. lifted its stake in shares of General Mills by 81.4% in the 4th quarter. Brown Advisory Inc. now owns 76,107 shares of the company’s stock valued at $2,964,000 after purchasing an additional 34,142 shares during the period. Geode Capital Management LLC lifted its stake in shares of General Mills by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 7,230,663 shares of the company’s stock valued at $281,036,000 after purchasing an additional 473,831 shares during the period. Menta Capital LLC acquired a new position in shares of General Mills in the 4th quarter valued at about $346,000. Finally, Principal Financial Group Inc. lifted its stake in shares of General Mills by 47.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,358,042 shares of the company’s stock valued at $52,882,000 after purchasing an additional 440,075 shares during the period. Institutional investors own 69.44% of the company’s stock.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. 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, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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Analyst Recommendations for General Mills (NYSE:GIS)

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