Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of General Mills from a hold rating to a buy rating and set a $62.00 target price for the company in a report on Thursday, September 21st. Citigroup restated a buy rating and set a $67.00 target price on shares of General Mills in a report on Thursday, September 21st. Wells Fargo & Co set a $65.00 target price on shares of General Mills and gave the company a buy rating in a report on Thursday, December 21st. Morgan Stanley restated an equal weight rating and set a $52.00 target price (down from $55.00) on shares of General Mills in a report on Thursday, September 21st. Finally, Susquehanna Bancshares set a $56.00 target price on shares of General Mills and gave the company a hold rating in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $58.28.
General Mills (NYSE GIS) opened at $59.11 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. The stock has a market cap of $33,640.00, a PE ratio of 21.65, a PEG ratio of 2.61 and a beta of 0.66. General Mills has a twelve month low of $49.65 and a twelve month high of $63.73.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. General Mills’s dividend payout ratio is currently 71.79%.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in GIS. Advisor Partners LLC boosted its stake in shares of General Mills by 16.1% during the 2nd quarter. Advisor Partners LLC now owns 9,651 shares of the company’s stock worth $535,000 after purchasing an additional 1,338 shares during the last quarter. Greatmark Investment Partners Inc. boosted its stake in shares of General Mills by 14.7% during the 2nd quarter. Greatmark Investment Partners Inc. now owns 33,806 shares of the company’s stock worth $1,873,000 after purchasing an additional 4,340 shares during the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of General Mills by 44.6% during the 2nd quarter. Pioneer Investment Management Inc. now owns 493,058 shares of the company’s stock worth $27,315,000 after purchasing an additional 152,158 shares during the last quarter. Rockland Trust Co. boosted its position in shares of General Mills by 8.3% in the second quarter. Rockland Trust Co. now owns 133,880 shares of the company’s stock worth $7,417,000 after acquiring an additional 10,314 shares during the last quarter. Finally, Summit Financial Group Inc. acquired a new stake in shares of General Mills in the second quarter worth approximately $495,000. 72.58% of the stock is currently owned by institutional investors.
General Mills Company Profile
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.
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