General Mills (NYSE:GIS) Price Target Lowered to $52.00 at UBS Group

General Mills (NYSE:GIS - Free Report) had its price target trimmed by UBS Group from $54.00 to $52.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a sell rating on the stock.

A number of other research firms have also recently weighed in on GIS. Bank of America dropped their price target on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company dropped their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Finally, Mizuho decreased their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $64.56.

General Mills Stock Up 0.4%

Shares of General Mills stock traded up $0.21 on Friday, reaching $54.76. 2,929,888 shares of the company were exchanged, compared to its average volume of 4,523,776. General Mills has a one year low of $52.39 and a one year high of $75.90. The company has a market capitalization of $30.19 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 current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $55.95 and a 200 day moving average of $59.72.

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

Institutional Trading of General Mills

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC acquired a new stake in General Mills during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $31,000. Transce3nd LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $32,000. VSM Wealth Advisory LLC acquired a new position in General Mills in the fourth quarter valued at approximately $32,000. Finally, Perkins Coie Trust Co lifted its holdings in 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 acquiring an additional 211 shares during the last quarter. Institutional investors own 75.71% of the company's stock.

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.