General Mills’ (GIS) Hold Rating Reaffirmed at Argus

General Mills (NYSE:GIS)‘s stock had its “hold” rating restated by analysts at Argus in a note issued to investors on Wednesday, December 27th.

GIS has been the topic of several other reports. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Jefferies Group started coverage on shares of General Mills in a research note on Friday, October 20th. They issued a “hold” rating and a $56.00 price target on the stock. Susquehanna Bancshares set a $57.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, December 13th. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Edward Jones reiterated a “hold” rating on shares of General Mills in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.17.

Shares of General Mills (GIS) opened at $58.09 on Wednesday. General Mills has a twelve month low of $49.65 and a twelve month high of $63.73. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. The company has a market cap of $33,060.00, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.64 and a beta of 0.66.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $0.85 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. analysts predict that General Mills will post 3.12 EPS for the current year.

In related news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC boosted its holdings in General Mills by 21.8% in the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after purchasing an additional 9,952 shares during the period. Bfsg LLC bought a new stake in General Mills in the 1st quarter valued at about $2,843,000. LVW Advisors LLC bought a new stake in General Mills in the 2nd quarter valued at about $2,515,000. PVG Asset Management Corp bought a new stake in General Mills in the 1st quarter valued at about $6,352,000. Finally, Captrust Financial Advisors bought a new stake in General Mills in the 2nd quarter valued at about $693,000. 72.59% of the stock is owned by institutional investors and hedge funds.

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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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