General Mills, Inc. (NYSE:GIS) Receives $71.31 Consensus PT from Analysts

Shares of General Mills, Inc. (NYSE:GIS - Get Free Report) have received a consensus recommendation of "Hold" from the seventeen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $71.31.

Several analysts have commented on GIS shares. JPMorgan Chase & Co. upped their target price on shares of General Mills from $63.00 to $67.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Stifel Nicolaus dropped their price objective on General Mills from $82.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Wells Fargo & Company decreased their target price on General Mills from $68.00 to $64.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Barclays cut their price target on shares of General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Finally, Piper Sandler boosted their price objective on shares of General Mills from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, September 19th.

Insider Transactions at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,541 shares of company stock valued at $3,321,170 over the last three months. Company insiders own 0.26% of the company's stock.

Institutional Trading of General Mills

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of General Mills by 9.0% in the second quarter. LPL Financial LLC now owns 764,816 shares of the company's stock valued at $48,382,000 after buying an additional 63,113 shares in the last quarter. BOKF NA grew its position in shares of General Mills by 1.8% in the 2nd quarter. BOKF NA now owns 24,621 shares of the company's stock valued at $1,558,000 after acquiring an additional 428 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of General Mills by 7.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 47,411 shares of the company's stock worth $2,999,000 after purchasing an additional 3,270 shares during the last quarter. Meeder Advisory Services Inc. raised its holdings in shares of General Mills by 48.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 12,349 shares of the company's stock valued at $781,000 after purchasing an additional 4,052 shares during the period. Finally, Parallel Advisors LLC lifted its stake in General Mills by 6.0% in the 2nd quarter. Parallel Advisors LLC now owns 21,716 shares of the company's stock valued at $1,374,000 after purchasing an additional 1,238 shares during the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Trading Up 1.5 %

General Mills stock traded up $0.90 during mid-day trading on Monday, hitting $59.21. The stock had a trading volume of 3,794,798 shares, compared to its average volume of 4,729,550. The stock has a market capitalization of $32.64 billion, a PE ratio of 12.87, a P/E/G ratio of 3.65 and a beta of 0.11. General Mills has a 12 month low of $57.94 and a 12 month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a 50-day simple moving average of $63.99 and a two-hundred day simple moving average of $67.58.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. As a group, sell-side analysts forecast that General Mills will post 4.42 EPS for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.05%. General Mills's dividend payout ratio (DPR) is 52.17%.

General Mills Company Profile

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.