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.
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.
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