Morgan Stanley Lowers General Mills (NYSE:GIS) Price Target to $51.00

General Mills (NYSE:GIS - Get Free Report) had its price target lowered by research analysts at Morgan Stanley from $53.00 to $51.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's price target points to a potential downside of 4.40% from the company's previous close.

Several other analysts have also commented on GIS. JPMorgan Chase & Co. cut their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research report on Monday, March 17th. Piper Sandler decreased their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group boosted their target price on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Finally, Barclays decreased their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, General Mills has an average rating of "Hold" and an average price target of $62.63.

General Mills Stock Performance

GIS opened at $53.35 on Tuesday. The business has a 50 day moving average price of $54.82 and a two-hundred day moving average price of $58.67. 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 company has a market capitalization of $29.41 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02. General Mills has a 1-year low of $52.39 and a 1-year high of $75.90.

Institutional Trading of General Mills

A number of institutional investors have recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the fourth quarter valued at approximately $31,000. Perkins Coie Trust Co raised its position in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills in the fourth quarter worth $32,000. Finally, Transce3nd LLC bought a new stake in shares of General Mills during the 4th quarter worth $32,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.