Consumer Edge Upgrades General Mills, Inc. (GIS) to “Neutral”

General Mills, Inc. (NYSE:GIS) was upgraded by Consumer Edge from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday.

Several other brokerages have also recently issued reports on GIS. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Susquehanna Bancshares Inc set a $59.00 price target on General Mills and gave the company a “hold” rating in a research note on Sunday, June 25th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $52.00 price target (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Royal Bank Of Canada restated a “hold” rating and issued a $62.00 price target on shares of General Mills in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, June 29th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. General Mills presently has a consensus rating of “Hold” and an average target price of $59.52.

General Mills (NYSE:GIS) opened at 55.35 on Friday. The stock has a 50 day moving average price of $55.64 and a 200-day moving average price of $57.06. General Mills has a one year low of $52.76 and a one year high of $66.53. The stock has a market capitalization of $31.94 billion, a P/E ratio of 19.98 and a beta of 0.62.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. Analysts anticipate that General Mills will post $3.11 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in GIS. Waldron LP acquired a new stake in General Mills in the first quarter valued at about $420,000. Glen Harbor Capital Management LLC lifted its position in General Mills by 34.1% in the first quarter. Glen Harbor Capital Management LLC now owns 20,416 shares of the company’s stock valued at $1,205,000 after purchasing an additional 5,192 shares during the period. Mycio Wealth Partners LLC acquired a new stake in General Mills in the first quarter valued at about $243,000. Delta Asset Management LLC TN lifted its position in General Mills by 4.6% in the first quarter. Delta Asset Management LLC TN now owns 304,001 shares of the company’s stock valued at $17,939,000 after purchasing an additional 13,258 shares during the period. Finally, Court Place Advisors LLC lifted its position in General Mills by 6.7% in the first quarter. Court Place Advisors LLC now owns 4,999 shares of the company’s stock valued at $295,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.

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.

Analyst Recommendations for General Mills (NYSE:GIS)

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