General Mills, Inc. (NYSE:GIS) was downgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a report released on Tuesday. They presently have a $52.00 target price on the stock. Sanford C. Bernstein’s price target points to a potential downside of 9.93% from the company’s previous close.

GIS has been the subject of a number of other reports. Wells Fargo & Co reissued a “market perform” rating on shares of General Mills in a research report on Tuesday, December 27th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Royal Bank of Canada downgraded General Mills from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $73.00 to $69.00 in a research report on Thursday, December 15th. Barclays PLC dropped their target price on General Mills from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 21st. Finally, Deutsche Bank AG assumed coverage on General Mills in a research report on Wednesday, February 15th. They issued a “hold” rating and a $61.00 target price for the company. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $65.13.

Analyst Recommendations for General Mills (NYSE:GIS)

General Mills (NYSE:GIS) opened at 57.73 on Tuesday. General Mills has a 12-month low of $57.14 and a 12-month high of $72.95. The company has a market cap of $33.26 billion, a price-to-earnings ratio of 21.39 and a beta of 0.56. The company’s 50 day moving average is $59.10 and its 200 day moving average is $61.15.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Tuesday, March 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm earned $3.79 billion during the quarter, compared to the consensus estimate of $3.82 billion. General Mills had a return on equity of 35.10% and a net margin of 10.23%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Analysts forecast that General Mills will post $3.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.33%. General Mills’s dividend payout ratio (DPR) is presently 71.64%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Marea Informative and is the property of of Marea Informative. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at http://www.mareainformativa.com/general-mills-inc-sig-calificacion-bajo-a-un-desempeno-deficiente-en-sanford-c-bernstein/108689/.

In other General Mills news, insider Jonathon Nudi bought 1,800 shares of the firm’s stock in a transaction dated Wednesday, April 12th. The stock was acquired at an average price of $57.45 per share, with a total value of $103,410.00. Following the completion of the transaction, the insider now directly owns 34,077 shares in the company, valued at approximately $1,957,723.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Culbertson A N & Co. Inc. boosted its stake in General Mills by 2.1% in the first quarter. Culbertson A N & Co. Inc. now owns 47,526 shares of the company’s stock worth $2,805,000 after buying an additional 1,000 shares during the last quarter. Patriot Wealth Management Inc. purchased a new stake in General Mills during the first quarter worth about $3,460,000. Nationwide Fund Advisors boosted its stake in General Mills by 18.8% in the first quarter. Nationwide Fund Advisors now owns 244,814 shares of the company’s stock worth $14,446,000 after buying an additional 38,718 shares during the last quarter. CAPROCK Group Inc. boosted its stake in General Mills by 57.6% in the first quarter. CAPROCK Group Inc. now owns 6,677 shares of the company’s stock worth $394,000 after buying an additional 2,439 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in General Mills by 8.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 80,936 shares of the company’s stock worth $4,776,000 after buying an additional 6,174 shares during the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:GIS

Receive News & Stock Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related stocks with our FREE daily email newsletter.