General Mills (NYSE:GIS) Coverage Initiated at Exane BNP Paribas

Equities research analysts at Exane BNP Paribas started coverage on shares of General Mills (NYSE:GISGet Rating) in a note issued to investors on Tuesday, The Fly reports. The brokerage set an “outperform” rating and a $90.00 price target on the stock.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group raised their target price on shares of General Mills from $64.00 to $71.00 and gave the stock a “sell” rating in a research report on Monday, October 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of General Mills from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Bank of America lifted their price objective on shares of General Mills from $74.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, September 22nd. Morgan Stanley lifted their price objective on shares of General Mills from $66.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, September 22nd. Finally, UBS Group lifted their price objective on shares of General Mills from $79.00 to $82.00 in a research report on Thursday, September 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.20.

General Mills Stock Performance

The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 0.78. General Mills has a 1-year low of $61.41 and a 1-year high of $82.10. The business’s fifty day moving average is $77.85 and its 200 day moving average is $74.67. The firm has a market capitalization of $46.92 billion, a PE ratio of 16.64, a P/E/G ratio of 2.52 and a beta of 0.34.

General Mills (NYSE:GISGet Rating) last released its quarterly earnings data on Wednesday, September 21st. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. General Mills had a net margin of 15.13% and a return on equity of 23.87%. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts predict that General Mills will post 4.09 earnings per share for the current year.

Insider Buying and Selling at General Mills

In other news, insider Shawn P. Ogrady sold 32,114 shares of General Mills stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $80.50, for a total transaction of $2,585,177.00. Following the completion of the transaction, the insider now owns 76,045 shares of the company’s stock, valued at approximately $6,121,622.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shawn P. Ogrady sold 32,114 shares of General Mills stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $80.50, for a total transaction of $2,585,177.00. Following the completion of the transaction, the insider now owns 76,045 shares of the company’s stock, valued at approximately $6,121,622.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi J. Benson sold 8,682 shares of General Mills stock in a transaction on Monday, October 31st. The stock was sold at an average price of $82.00, for a total value of $711,924.00. Following the transaction, the insider now directly owns 38,107 shares of the company’s stock, valued at approximately $3,124,774. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,689 shares of company stock valued at $10,286,349. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GIS. Geneva Partners LLC raised its position in General Mills by 2.0% in the 3rd quarter. Geneva Partners LLC now owns 6,579 shares of the company’s stock valued at $504,000 after purchasing an additional 126 shares during the last quarter. Pinnacle Financial Partners Inc. raised its position in General Mills by 0.5% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 27,800 shares of the company’s stock valued at $2,129,000 after purchasing an additional 129 shares during the last quarter. Physicians Financial Services Inc. raised its position in General Mills by 1.0% in the 2nd quarter. Physicians Financial Services Inc. now owns 13,353 shares of the company’s stock valued at $1,007,000 after purchasing an additional 131 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of General Mills by 1.6% in the 3rd quarter. Archford Capital Strategies LLC now owns 8,212 shares of the company’s stock valued at $629,000 after buying an additional 132 shares during the period. Finally, West Coast Financial LLC increased its stake in shares of General Mills by 3.5% in the 3rd quarter. West Coast Financial LLC now owns 3,954 shares of the company’s stock valued at $303,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 75.48% of the company’s stock.

General Mills Company Profile

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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