UBS Group Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its target price cut by analysts at UBS Group from $54.00 to $52.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price objective points to a potential downside of 5.04% from the company’s previous close.

A number of other research analysts have also commented on GIS. Mizuho lowered their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. lowered their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday, March 24th. They set an “underweight” rating and a $53.00 price target on the stock. Bank of America reduced their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company decreased their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.56.

General Mills Stock Up 0.4%

GIS stock opened at $54.76 on Friday. The stock has a market cap of $30.19 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The firm’s 50-day simple moving average is $55.85 and its 200 day simple moving average is $59.63. General Mills has a fifty-two week low of $52.39 and a fifty-two week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. As a group, sell-side analysts predict that General Mills will post 4.36 EPS for the current year.

Institutional Investors Weigh In On General Mills

Institutional investors and hedge funds have recently modified their holdings of the stock. Bontempo Ohly Capital Mgmt LLC raised its position in shares of General Mills by 9.7% during the first quarter. Bontempo Ohly Capital Mgmt LLC now owns 68,897 shares of the company’s stock worth $4,119,000 after purchasing an additional 6,107 shares during the period. Modern Wealth Management LLC increased its stake in General Mills by 6.9% in the 1st quarter. Modern Wealth Management LLC now owns 4,075 shares of the company’s stock worth $244,000 after purchasing an additional 262 shares in the last quarter. Birmingham Capital Management Co. Inc. AL raised its holdings in General Mills by 3.0% during the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 13,832 shares of the company’s stock worth $827,000 after buying an additional 405 shares during the period. Strs Ohio acquired a new stake in General Mills during the 1st quarter worth about $9,507,000. Finally, Intrua Financial LLC lifted its stake in General Mills by 8.8% during the first quarter. Intrua Financial LLC now owns 3,962 shares of the company’s stock valued at $237,000 after buying an additional 319 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

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.