General Mills (NYSE:GIS) Price Target Cut to $64.00 by Analysts at TD Cowen

General Mills (NYSE:GIS - Get Free Report) had its price target reduced by analysts at TD Cowen from $75.00 to $64.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has a "hold" rating on the stock. TD Cowen's price target points to a potential downside of 0.02% from the stock's previous close.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Wednesday. Bank of America upgraded General Mills from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Piper Sandler upped their target price on shares of General Mills from $74.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, September 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, September 19th. Finally, Citigroup increased their price objective on shares of General Mills from $68.00 to $76.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $71.94.

General Mills Stock Up 0.2 %

GIS traded up $0.10 during trading on Thursday, reaching $64.01. The stock had a trading volume of 6,137,969 shares, compared to its average volume of 3,956,827. The stock's 50 day moving average is $66.76 and its two-hundred day moving average is $68.17. The company has a market capitalization of $35.54 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 3.41 and a beta of 0.10. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills has a one year low of $61.47 and a one year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. General Mills's quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that General Mills will post 4.5 earnings per share for the current year.

Insider Activity at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares of the company's stock, valued at $2,700,411.92. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,555 shares of company stock worth $4,721,336. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Mills

Large investors have recently made changes to their positions in the company. State Street Corp grew its holdings in General Mills by 9.4% during the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company's stock valued at $2,474,177,000 after buying an additional 2,867,678 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of General Mills by 100.4% in the second quarter. American Century Companies Inc. now owns 4,728,710 shares of the company's stock valued at $299,138,000 after purchasing an additional 2,368,563 shares in the last quarter. Wulff Hansen & CO. increased its position in General Mills by 6,140.4% in the second quarter. Wulff Hansen & CO. now owns 945,421 shares of the company's stock worth $59,807,000 after purchasing an additional 930,271 shares during the last quarter. International Assets Investment Management LLC raised its stake in General Mills by 6,114.0% during the third quarter. International Assets Investment Management LLC now owns 450,451 shares of the company's stock valued at $33,266,000 after purchasing an additional 443,202 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in General Mills by 6.1% during the second quarter. Legal & General Group Plc now owns 5,629,943 shares of the company's stock valued at $356,151,000 after purchasing an additional 323,090 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

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.