General Mills, Inc. (NYSE:GIS) Receives $69.06 Average Price Target from Analysts

Shares of General Mills, Inc. (NYSE:GIS) have earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $68.65.

Several analysts have recently weighed in on GIS shares. Barclays reduced their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Bank of America decreased their price target on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Institutional Trading of General Mills

Institutional investors have recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the fourth quarter valued at about $31,000. Transce3nd LLC bought a new position in General Mills during the 4th quarter valued at $32,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of General Mills in the 4th quarter worth approximately $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Up 1.0 %

NYSE:GIS opened at $65.15 on Tuesday. General Mills has a 12-month low of $55.15 and a 12-month high of $75.90. The firm has a market cap of $35.91 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a fifty day moving average price of $60.37 and a 200 day moving average price of $65.93.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the company earned $1.25 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that General Mills will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.68%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

General Mills Company Profile

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.