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

General Mills (NYSE:GIS) had its price objective cut by analysts at Mizuho from $72.00 to $65.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential upside of 9.49% from the stock’s current price.

GIS has been the topic of a number of other reports. Citigroup cut their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company dropped their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $71.13.

General Mills Trading Up 2.2 %

NYSE GIS opened at $59.37 on Monday. General Mills has a 12 month low of $57.85 and a 12 month high of $75.90. The stock has a market cap of $32.72 billion, a P/E ratio of 12.91, a P/E/G ratio of 3.82 and a beta of 0.10. The stock’s fifty day moving average price is $62.13 and its 200-day moving average price is $67.09. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that General Mills will post 4.4 EPS for the current fiscal year.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On General Mills

Institutional investors have recently added to or reduced their stakes in the company. Values First Advisors Inc. purchased a new position in General Mills during the 3rd quarter valued at approximately $27,000. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills in the 4th quarter worth approximately $31,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of General Mills in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Company Profile

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.