General Mills (NYSE:GIS) Price Target Raised to $65.00
General Mills (NYSE:GIS) had its price target upped by Guggenheim from $58.00 to $65.00 in a research report report published on Wednesday, The Fly reports. Guggenheim currently has a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of ZEALAND PHARMA/S from a sell rating to a hold rating in a research report on Friday, March 15th. Deutsche Bank cut shares of State Street from a buy rating to a hold rating and set a $69.95 price objective on the stock. in a research report on Thursday, March 14th. Jefferies Financial Group lifted their price objective on shares of Just Eat from GBX 1,050 ($13.72) to GBX 1,150 ($15.03) and gave the company a buy rating in a research report on Wednesday, March 20th. Wells Fargo & Co reiterated a hold rating and set a $160.00 price objective on shares of Willis Towers Watson in a research report on Friday, March 22nd. Finally, Credit Suisse Group set a $15.00 price objective on shares of C&J Energy Services and gave the company a hold rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $52.66.
NYSE GIS opened at $53.44 on Wednesday. The company has a market cap of $32.17 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.37 and a current ratio of 0.59. General Mills has a 12 month low of $36.42 and a 12 month high of $54.74. The business’s 50 day moving average price is $52.53.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, July 9th. General Mills’s dividend payout ratio (DPR) is presently 60.87%.
Several hedge funds have recently bought and sold shares of the stock. Legacy Advisors LLC purchased a new position in General Mills during the first quarter worth $31,000. Certified Advisory Corp boosted its stake in General Mills by 100.9% during the first quarter. Certified Advisory Corp now owns 643 shares of the company’s stock worth $33,000 after buying an additional 323 shares during the period. Meridian Wealth Management LLC purchased a new position in General Mills during the first quarter worth $35,000. BDO Wealth Advisors LLC purchased a new position in General Mills during the fourth quarter worth $37,000. Finally, Penserra Capital Management LLC purchased a new position in General Mills during the first quarter worth $40,000. 69.77% of the stock is owned by hedge funds and other institutional investors.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
See Also: Options Trading
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.