General Mills (NYSE:GIS) Given New $54.00 Price Target at Barclays

General Mills (NYSE:GIS - Get Free Report) had its target price decreased by research analysts at Barclays from $60.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 4.35% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada upgraded General Mills from a "sector perform" rating to an "outperform" rating and set a $63.00 target price on the stock in a research report on Thursday. Jefferies Financial Group boosted their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Mizuho decreased their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company set a $53.00 price target on General Mills in a report on Thursday. Finally, Morgan Stanley reissued an "underweight" rating and issued a $51.00 price objective (down previously from $53.00) on shares of General Mills in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.25.

General Mills Price Performance

NYSE GIS opened at $51.75 on Thursday. The company has a market cap of $28.53 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.27 and a beta of 0.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.67 and a quick ratio of 0.44. The stock's fifty day moving average price is $54.62 and its 200 day moving average price is $58.57. General Mills has a 1 year low of $50.66 and a 1 year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. General Mills had a return on equity of 26.39% and a net margin of 13.02%. The business had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The company's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that General Mills will post 4.36 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of General Mills by 11.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after buying an additional 85,612 shares during the period. Franklin Resources Inc. lifted its position in shares of General Mills by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock worth $30,900,000 after purchasing an additional 46,536 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of General Mills by 34.5% during the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after purchasing an additional 2,341,137 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of General Mills by 7.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock worth $4,652,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in General Mills by 15.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock valued at $2,749,000 after buying an additional 5,853 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

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.

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