General Mills (NYSE:GIS) Given “Outperform” Rating at Royal Bank Of Canada

General Mills (NYSE:GIS)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a report released on Monday, Benzinga reports. They currently have a $45.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 24.03% from the stock’s current price.

A number of other research firms have also commented on GIS. JPMorgan Chase & Co. lifted their price objective on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Bank of America boosted their target price on General Mills from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft lifted their price target on General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price on shares of General Mills in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company lifted their target price on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $36.41.

General Mills Stock Performance

Shares of GIS stock opened at $36.28 on Monday. The firm has a fifty day moving average price of $37.89 and a 200 day moving average price of $36.58. The company has a market cap of $19.40 billion, a P/E ratio of -202.32, a PEG ratio of 1.98 and a beta of -0.01. General Mills has a 12 month low of $31.75 and a 12 month high of $51.33. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts predict that General Mills will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of General Mills

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of General Mills during the second quarter worth $2,181,608,000. Norges Bank acquired a new position in General Mills in the fourth quarter valued at $361,552,000. Bank of New York Mellon Corp acquired a new stake in General Mills in the 2nd quarter worth about $129,298,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in General Mills in the 2nd quarter worth about $126,097,000. Finally, Legal & General Group Plc purchased a new stake in General Mills in the 2nd quarter valued at about $121,707,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.