General Mills (NYSE:GIS) Price Target Lowered to $64.00 at TD Cowen

General Mills (NYSE:GIS) had its price objective lowered by TD Cowen from $75.00 to $64.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential downside of 0.90% from the stock’s previous close.

A number of other research firms also recently issued reports on GIS. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, September 19th. JPMorgan Chase & Co. raised their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Barclays boosted their price target on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus raised their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and a consensus target price of $72.75.

General Mills Trading Up 1.0 %

NYSE GIS traded up $0.67 on Thursday, reaching $64.58. The company had a trading volume of 1,198,812 shares, compared to its average volume of 3,935,719. The business has a 50 day moving average of $66.76 and a two-hundred day moving average of $68.17. General Mills has a fifty-two week low of $61.47 and a fifty-two week high of $75.90. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 3.41 and a beta of 0.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that General Mills will post 4.5 EPS for the current year.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,555 shares of company stock valued at $4,721,336 in the last quarter. 0.26% of the stock is owned by insiders.

Institutional Trading of General Mills

Several hedge funds have recently bought and sold shares of the stock. Values First Advisors Inc. purchased a new stake in General Mills in the 3rd quarter worth $27,000. First Foundation Advisors raised its stake in General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp lifted its holdings in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in General Mills in the 3rd quarter worth approximately $44,000. Finally, Rise Advisors LLC grew its holdings in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after buying an additional 193 shares in the last quarter. 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.