General Mills (NYSE:GIS) was upgraded by equities research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $56.00 price objective on the stock. Jefferies Group’s target price suggests a potential upside of 2.55% from the company’s previous close.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Royal Bank of Canada set a $58.00 target price on General Mills and gave the stock a “hold” rating in a report on Monday, October 23rd. Wells Fargo & Co raised General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on Monday, December 18th. Societe Generale raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Argus reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $58.28.

Shares of General Mills (NYSE GIS) traded down $0.18 on Wednesday, reaching $54.61. The company’s stock had a trading volume of 209,525 shares, compared to its average volume of 3,239,484. The firm has a market cap of $31,180.00, a P/E ratio of 20.07, a PEG ratio of 2.42 and a beta of 0.61. General Mills has a 52-week low of $49.65 and a 52-week high of $63.35. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. equities research analysts forecast that General Mills will post 3.12 EPS for the current fiscal year.

In other news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Truewealth LLC acquired a new position in General Mills during the 4th quarter worth approximately $119,000. Financial Gravity Companies Inc. acquired a new position in General Mills during the 4th quarter worth approximately $131,000. Cable Hill Partners LLC raised its stake in General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after buying an additional 1,647 shares during the period. Grove Bank & Trust raised its stake in General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after buying an additional 1,878 shares during the period. Finally, Spectrum Management Group Inc. acquired a new position in General Mills during the 3rd quarter worth approximately $135,000. 72.59% of the stock is currently owned by institutional investors and hedge funds.

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About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Analyst Recommendations for General Mills (NYSE:GIS)

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