TD Cowen Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its target price cut by TD Cowen from $48.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target points to a potential downside of 4.29% from the company’s current price.

Several other equities analysts also recently weighed in on GIS. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $45.00 target price (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Bernstein Bank dropped their target price on General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, September 18th. Finally, UBS Group cut their price target on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a report on Thursday, September 18th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $54.11.

General Mills Price Performance

General Mills stock traded up $0.33 during trading on Monday, reaching $47.02. The company had a trading volume of 2,347,626 shares, compared to its average volume of 5,725,274. The firm has a market capitalization of $25.08 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.87 and a beta of -0.07. The firm’s 50-day simple moving average is $47.42 and its 200 day simple moving average is $49.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills has a 1-year low of $45.15 and a 1-year high of $67.35.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm posted $1.07 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that General Mills will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On General Mills

Institutional investors have recently modified their holdings of the business. Arkfeld Wealth Strategies L.L.C. increased its position in General Mills by 5.0% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,184 shares of the company’s stock valued at $217,000 after acquiring an additional 200 shares during the period. ICW Investment Advisors LLC lifted its position in shares of General Mills by 0.8% during the 1st quarter. ICW Investment Advisors LLC now owns 24,733 shares of the company’s stock valued at $1,479,000 after acquiring an additional 202 shares during the period. J2 Capital Management Inc increased its stake in General Mills by 3.1% in the 2nd quarter. J2 Capital Management Inc now owns 6,846 shares of the company’s stock valued at $355,000 after purchasing an additional 203 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in shares of General Mills by 5.0% in the second quarter. Alpha Omega Wealth Management LLC now owns 4,414 shares of the company’s stock valued at $229,000 after buying an additional 209 shares in the last quarter. Finally, Guardian Wealth Advisors LLC raised its position in General Mills by 2.7% during the second quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock worth $409,000 after acquiring an additional 209 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

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.