General Mills (NYSE:GIS) Price Target Cut to $65.00 by Analysts at Mizuho

General Mills (NYSE:GIS) had its price target lowered by equities research analysts at Mizuho from $72.00 to $65.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 11.39% from the company’s current price.

GIS has been the subject of several other reports. Barclays decreased their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus price target of $71.13.

General Mills Price Performance

Shares of General Mills stock traded down $0.47 during trading hours on Monday, reaching $58.36. The company’s stock had a trading volume of 1,851,020 shares, compared to its average volume of 4,448,010. The stock has a market cap of $32.17 billion, a P/E ratio of 12.69, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills has a one year low of $57.94 and a one year high of $75.90. The firm has a 50 day moving average price of $62.31 and a 200-day moving average price of $67.15. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (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 company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the company earned $1.25 earnings per share. General Mills’s revenue was up 2.7% on a year-over-year basis. On average, analysts predict that General Mills will post 4.4 EPS for the current year.

Insider Buying and Selling

In other General Mills news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s 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 $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Values First Advisors Inc. purchased a new position in General Mills during the third quarter worth about $27,000. Endeavor Private Wealth Inc. acquired a new stake in General Mills in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the fourth quarter worth $31,000. Planning Capital Management Corp boosted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after buying an additional 193 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of General Mills in the fourth quarter valued at $34,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

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.