General Mills, Inc. (NYSE:GIS – Get Ratings) shares receive an average “hold” recommendation from the 15 brokerage firms that cover the company, MarketBeat Ratings reports. Two analysts gave a sell rating, nine analysts gave a hold rating, and four analysts gave the company a buy rating. The average 12-month price target for analysts who published a report on stocks last year is $82.57.
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GIS has been the topic of many analyst reports. Wells Fargo & Company began covering General Mills in its investigative report on Tuesday, January 3rd. They set an “equal-weighted” rating and an $88.00 price target. Goldman Sachs Group raised its price target for General Mills from $64.00 to his $71.00 in a report on Monday, Oct. 10, giving the company a “sell” rating. Exane BNP Paribas undertook coverage of General Mills in its report on Tuesday, November 15th. They issued an “outperform” rating and a price target of $90.00. Bank of America raised General Mills’ price target from $74.00 to $81.00 in its Thursday, September 22 report, giving the company a “neutral” rating. Finally, Royal Bank of Canada raised its price target for General Mills from $72.00 to $76.00, giving the company a ‘Sector Performing’ rating in its Wednesday, December 21st report.
General Mills Trading Down 4.2%
NYSE:GIS shares opened Thursday at $78.41. The company has a market cap of $46.23 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.67 and a beta of 0.34. His one-year low at General Mills is $61.67 and his one-year high is $88.34. The company has an equity ratio of 0.83, a current ratio of 0.58 and a quick ratio of 0.35. His 50-day simple moving average for this business is $83.73 and his 200-day simple moving average is $79.27.
General Mills Announces Dividend
The business recently announced a quarterly dividend payable on Wednesday, February 1st. Investors of record on Tuesday, January 10 will receive a dividend of $0.54 per share. This represents his $2.16 dividend and his 2.75% yield on an annualized basis. The ex-dividend date for this dividend is January 9 (Monday). General Mills’ payout ratio is currently 45.09%.
insider trading
In related news, insider Shawn P. Ogrady sold 32,114 shares of the company in a trade on Wednesday, November 9th. The shares sold at an average price of $80.50 for a total transaction value of $2,585,177.00. Following the closing of the transaction, insiders now directly own 76,045 shares of the Company’s stock valued at approximately $6,121,622.50. The sale is disclosed in filings with the SEC, which can be accessed on his website. In other news, his insider Jodi J. Benson sold 9,008 shares of General Mills stock in a transaction on Friday, Oct. 28. The shares sold for an average of $81.55 and a total of $734,602.40. Following the closing of the transaction, insiders now directly own 38,107 shares of the company’s stock valued at approximately $3,107,625.85. The transaction was disclosed in SEC filings accessible via this hyperlink. Insider Shawn P. Ogrady also sold 32,114 shares of General Mills stock in a deal on Wednesday, November 9th. The shares sold for an average of $80.50 for a total of $2,585,177.00. Following the closing of the transaction, insiders now directly own 76,045 shares of the Company’s stock valued at $6,121,622.50. Please see here for the disclosure of this sale. Insiders say that in the past three months he has sold 109,829 shares of company stock worth $9,076,630. The insider owns his 0.67% of the company’s shares.
institution inflow and outflow
Several hedge funds have recently changed positions in the business. Cibc World Market Inc. increased his stake in General Mills stock by 4.8% in the first quarter. Cibc World Market Inc. now owns 22,026 shares of the company worth $1,492,000 after purchasing an additional 1,003 of his shares during this period. Sequoia Financial Advisors LLC increased its stake in General Mills by 45.3% in the first quarter. Sequoia Financial Advisors LLC now owns 5,867 of his shares worth $397,000 after purchasing an additional 1,828 of his shares during the previous quarter. Candriam Luxembourg SCA increased its General Mills stake by 2.1% in the first quarter. Candriam Luxembourg SCA now owns 73,176 shares worth $4,955,000 after purchasing an additional 1,503 shares during the previous quarter. Baird Financial Group increased its General Mills shares 2.3% in the first quarter. Baird Financial Group Inc. now owns 279,604 shares worth $18,935,000 after purchasing an additional 6,176 shares during the previous quarter. Finally, Covestor Ltd increased its stake in General Mills by 15.3% in the first quarter. Covestor Ltd now owns 1,834 shares of the company worth $124,000 after purchasing an additional 244 shares during the previous quarter. 74.48% of the shares are owned by institutional investors.
About General Mills
(get rating)
General Mills, Inc manufactures and markets branded consumer food products worldwide. The company operates in his five segments. convenience stores and foodservice; Europe and Australia; Asia and Latin America; and pets. Offers ready-to-eat cereals, chilled yogurt, soups, meal kits, chilled and frozen dough products, dessert and baking mixes, bakery flours, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and nutrition bars. To do. , wellness beverages, savory snacks, grain snacks, and a variety of organic products including frozen and shelf-stable vegetables.
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