Mizuho Issues Pessimistic Forecast for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its target price decreased by Mizuho from $72.00 to $65.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 11.39% from the stock’s previous close.

GIS has been the topic of a number of other research reports. Wells Fargo & Company reduced their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. TD Cowen dropped their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Stifel Nicolaus reduced their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Citigroup dropped their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.13.

General Mills Price Performance

General Mills stock traded down $0.47 during midday trading on Monday, reaching $58.36. 1,851,020 shares of the company were exchanged, compared to its average volume of 4,448,010. The company has a market capitalization of $32.17 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 3.82 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm’s 50-day simple moving average is $62.31 and its 200-day simple moving average is $67.15. General Mills has a 1 year low of $57.94 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. On average, analysts anticipate that General Mills will post 4.4 EPS for the current year.

Insider Activity at General Mills

In other news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Institutional Trading of General Mills

Several large investors have recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills during the fourth quarter valued at $26,000. Values First Advisors Inc. bought a new position in General Mills in the 3rd quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the 4th quarter valued at about $31,000. Bank of Jackson Hole Trust acquired a new stake in shares of General Mills in the 4th quarter worth approximately $34,000. Finally, Planning Capital Management Corp boosted its holdings in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after acquiring an additional 193 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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.