General Mills, Inc. (GIS) PT Lowered to $58.00

General Mills, Inc. (NYSE:GIS) had its price objective cut by investment analysts at Royal Bank Of Canada from $62.00 to $58.00 in a research report issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 13.21% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS AG reissued a “neutral” rating and issued a $61.00 price target (down previously from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Piper Jaffray Companies reissued an “underweight” rating and issued a $56.00 price target (down previously from $57.00) on shares of General Mills in a research note on Monday, June 19th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $58.00 price target (down previously from $59.00) on shares of General Mills in a research note on Friday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.66.

Shares of General Mills (NYSE:GIS) opened at 51.23 on Thursday. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 18.49 and a beta of 0.62. The firm has a 50-day moving average of $55.75 and a 200-day moving average of $56.75. General Mills has a 12 month low of $51.06 and a 12 month high of $65.57.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm earned $0.78 EPS. General Mills’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts anticipate that General Mills will post $3.09 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Lenox Wealth Advisors Inc. boosted its position in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. Winslow Evans & Crocker Inc. boosted its position in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after buying an additional 69 shares during the period. Hanson McClain Inc. boosted its position in General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares during the period. IHT Wealth Management LLC boosted its position in General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after buying an additional 627 shares during the period. Finally, Assetmark Inc. boosted its position in General Mills by 11.2% during the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares during the period. 69.38% of the stock is owned by institutional investors and hedge funds.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Analyst Recommendations for General Mills (NYSE:GIS)

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