Jueves, 20 Setiembre, 2018

General Mills, Inc. (GIS) Upgraded to "Hold" at Zacks Investment Research

Trader's Are Tracking: General Mills, Inc. (NYSE:GIS), Rent-A-Center, Inc. (NASDAQ:RCII), Noble Corp plc (NYSE:NE Insider Trading Activity General Mills, Inc. (NYSE:GIS) – Insider Bought 1800 shares of Stock
Manuel Armenta | 20 Abril, 2017, 06:17

Sales and profits at the U.S. Retail segment, contributing 60% to sales, have been soft due to lower demand amid changing consumer food preferences. They now have a Dollars 66 price target on the stock. During the same quarter in the prior year, the company posted $0.65 earnings per share. Credit Suisse Group AG reaffirmed a "neutral" rating and issued a $65.00 price objective on shares of General Mills in a research note on Thursday, February 2nd. Deutsche Bank AG started coverage on General Mills in a report on Wednesday, February 15th. If the $18.63 price target is reached, the company will be worth $57.91M more. Wells Fargo & Co reiterated a "market perform" rating on shares of General Mills in a research report on Tuesday, December 27th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company's stock. The company now has a consensus rating of "Hold" and a consensus target price of $65.13. (NYSE:GIS) traded down 0.1985% on Thursday, reaching $57.4657. (GIS) has the trading volume of 2.22 Million shares with the average trading volume of 2680 shares.

Looking at the chart above, GIS's low point in its 52 week range is $57.14 per share, with $72.95 as the 52 week high point - that compares with a last trade of $57.66. The company's 50 day moving average is $59.63 and its 200 day moving average is $61.42. The stock has a market cap of $32.94 billion, a P/E ratio of 21.18 and a beta of 0.56.

General Mills (NYSE:GIS) last released its earnings results on Tuesday, March 21st. After $-0.21 actual EPS reported by Blucora Inc for the previous quarter, Wall Street now forecasts -476.19% EPS growth. The business earned $3.79 billion during the quarter, compared to the consensus estimate of $3.82 billion. General Mills had a net margin of 10.23% and a return on equity of 35.10%. General Mills's revenue for the quarter was down 5.2% on a year-over-year basis. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.01.

Equities research analysts expect General Mills, Inc. California Pub Employees Retirement Sys invested in 85,100 shares or 0.01% of the stock.

On 9/24/2013 General Mills, Inc. announced a quarterly dividend of $0.38 3.14% with an ex dividend date of 10/8/2013 which will be payable on 11/1/2013.

These are 3 Sell Ratings, 11 Hold Ratings, 2 Buy Ratings. Now the P/E of General Mills, Inc.

Shares of General Mills, Inc. "(GIS) Stake Increased by Iowa State Bank" was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/general-mills-inc-gis-upgraded-at-zacks-investment-research-updated/522776.html.

In other news, insider Jonathon Nudi bought 1,800 shares of the stock in a transaction on Wednesday, April 12th. Following the completion of the acquisition, the insider now owns 34,077 shares of the company's stock, valued at approximately $1,957,723.65. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice.

Several other hedge funds also recently modified their holdings of GIS.

General Mills, Inc. (NYSE:GIS) pays an annual dividend of $1.92 with a yield of 3.36% and an average dividend growth of 9.40% (3 Year Average). Lenox Wealth Advisors Inc. now owns 1,818 shares of the company's stock valued at $107,000 after buying an additional 14 shares during the period. Baltimore Washington Financial Advisors Inc. acquired a new position in General Mills during the fourth quarter worth $15,491,000. Jacobi Capital Management LLC now owns 2,500 shares of the company's stock valued at $158,000 after buying an additional 2,000 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of General Mills by 2.4% in the third quarter. Advisory Services Network LLC now owns 1,985 shares of the company's stock valued at $127,000 after buying an additional 48 shares during the period. It improved, as 70 investors sold GIS shares while 405 reduced holdings. Consumer Edge downgraded General Mills, Inc.