General Mills, Inc. (NYSE:GIS) Receives Consensus Rating of "Hold" from Brokerages

Shares of General Mills, Inc. (NYSE:GIS - Get Free Report) have received a consensus rating of "Hold" from the seventeen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $65.69.

GIS has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Bank of America lowered their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research report on Monday, March 17th.

General Mills Trading Up 0.7 %

GIS opened at $58.08 on Wednesday. The company's 50 day moving average price is $59.43 and its two-hundred day moving average price is $62.66. The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.94 and a beta of 0.15. General Mills has a fifty-two week low of $55.15 and a fifty-two week high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, research analysts predict that General Mills will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.13%. General Mills's payout ratio is 52.75%.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIS. RFG Advisory LLC boosted its stake in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock worth $425,000 after buying an additional 172 shares during the last quarter. TCW Group Inc. lifted its holdings in General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after acquiring an additional 194 shares during the period. Quadrant Private Wealth Management LLC boosted its position in General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. grew its stake in General Mills by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock valued at $250,000 after purchasing an additional 198 shares during the period. Finally, Byrne Asset Management LLC increased its position in shares of General Mills by 20.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock valued at $77,000 after purchasing an additional 200 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

About General Mills

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.