General Mills (NYSE:GIS) Given New $43.00 Price Target at Barclays

General Mills (NYSE:GISFree Report) had its price target reduced by Barclays from $46.00 to $43.00 in a research report report published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also issued reports on GIS. Stifel Nicolaus cut their price target on shares of General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Jefferies Financial Group decreased their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Morgan Stanley lowered their price objective on General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. UBS Group restated a “sell” rating and set a $40.00 target price on shares of General Mills in a research note on Wednesday, March 11th. Finally, TD Cowen reduced their target price on General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $48.94.

Read Our Latest Analysis on General Mills

General Mills Stock Performance

GIS stock opened at $38.98 on Monday. General Mills has a one year low of $38.59 and a one year high of $62.61. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 8.38 and a beta of -0.05. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a 50-day simple moving average of $44.87 and a two-hundred day simple moving average of $46.94.

General Mills (NYSE:GISGet Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts forecast that General Mills will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.3%. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On General Mills

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in General Mills during the 3rd quarter valued at about $25,000. Reflection Asset Management purchased a new position in shares of General Mills in the fourth quarter worth about $25,000. Close Asset Management Ltd acquired a new stake in shares of General Mills during the third quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $26,000. Finally, Davis Capital Management purchased a new stake in General Mills in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Key Stories Impacting General Mills

Here are the key news stories impacting General Mills this week:

General Mills Company Profile

(Get Free Report)

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

Further Reading

Analyst Recommendations for General Mills (NYSE:GIS)

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