General Mills, Inc. (NYSE:GIS) Receives Consensus Rating of "Hold" from Brokerages

General Mills, Inc. (NYSE:GIS - Get Free Report) has received an average rating of "Hold" from the seventeen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $63.44.

A number of research analysts have issued reports on the stock. Piper Sandler reduced their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company cut their price objective on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, Mizuho dropped their price target on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th.

General Mills Trading Up 0.9%

NYSE:GIS traded up $0.49 during mid-day trading on Thursday, reaching $54.72. 3,879,905 shares of the company's stock traded hands, compared to its average volume of 4,537,073. The company has a 50 day moving average price of $55.52 and a 200-day moving average price of $59.46. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.94 and a beta of 0.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills has a 12-month low of $52.39 and a 12-month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business's revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. On average, sell-side analysts predict that General Mills will post 4.36 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 1248 Management LLC purchased a new position in General Mills in the 1st quarter worth about $96,000. Bontempo Ohly Capital Mgmt LLC grew its stake in shares of General Mills by 9.7% in the first quarter. Bontempo Ohly Capital Mgmt LLC now owns 68,897 shares of the company's stock worth $4,119,000 after acquiring an additional 6,107 shares during the period. Modern Wealth Management LLC raised its holdings in shares of General Mills by 6.9% during the first quarter. Modern Wealth Management LLC now owns 4,075 shares of the company's stock valued at $244,000 after purchasing an additional 262 shares during the last quarter. Birmingham Capital Management Co. Inc. AL lifted its position in General Mills by 3.0% during the first quarter. Birmingham Capital Management Co. Inc. AL now owns 13,832 shares of the company's stock valued at $827,000 after purchasing an additional 405 shares during the period. Finally, Strs Ohio bought a new stake in General Mills in the 1st quarter worth approximately $9,507,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

About General Mills

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.