General Mills (NYSE:GIS) Raised to “Market Perform” at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of General Mills (NYSE:GISFree Report) from an underperform rating to a market perform rating in a report published on Wednesday, Marketbeat reports. Sanford C. Bernstein currently has $70.00 price target on the stock, up from their previous price target of $62.00.

Other research analysts have also issued reports about the stock. Bank of America lifted their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a neutral rating in a research note on Thursday, March 21st. Citigroup started coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a neutral rating and a $67.00 price objective for the company. Barclays lifted their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an equal weight rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a neutral rating in a research note on Thursday, March 21st. Finally, Morgan Stanley lifted their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an underweight rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $72.06.

Read Our Latest Stock Analysis on GIS

General Mills Trading Down 0.2 %

Shares of GIS stock opened at $71.25 on Wednesday. The company has a 50 day moving average of $69.33 and a 200-day moving average of $66.28. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills has a 12-month low of $60.33 and a 12-month high of $89.28. The firm has a market cap of $40.46 billion, a P/E ratio of 16.34, a PEG ratio of 2.46 and a beta of 0.15.

General Mills (NYSE:GISGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the business posted $0.97 EPS. General Mills’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that General Mills will post 4.51 earnings per share for the current year.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,765 shares of company stock valued at $745,822. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On General Mills

Hedge funds and other institutional investors have recently modified their holdings of the company. Operose Advisors LLC raised its stake in shares of General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of General Mills during the fourth quarter valued at about $27,000. Rise Advisors LLC raised its stake in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after acquiring an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of General Mills by 409.8% during 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 during the period. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of General Mills during the fourth quarter valued at about $28,000. 75.71% of the stock is owned by institutional investors.

General Mills Company Profile

(Get Free Report)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Further Reading

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.