General Mills (NYSE:GIS) PT Raised to $75.00 at TD Cowen

General Mills (NYSE:GIS) had its price objective hoisted by TD Cowen from $72.00 to $75.00 in a report issued on Friday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other research firms also recently issued reports on GIS. Bank of America upped their price objective on shares of General Mills from $68.00 to $75.00 and gave the company a neutral rating in a report on Thursday, September 12th. Mizuho decreased their price target on shares of General Mills from $70.00 to $62.00 and set a neutral rating for the company in a report on Wednesday, July 3rd. Wells Fargo & Company boosted their price objective on shares of General Mills from $67.00 to $75.00 and gave the company an equal weight rating in a report on Friday, September 13th. Stifel Nicolaus raised their target price on General Mills from $70.00 to $82.00 and gave the stock a buy rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on General Mills from $70.00 to $63.00 and set a neutral rating for the company in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $72.73.

General Mills Trading Down 0.5 %

NYSE:GIS opened at $74.51 on Friday. The stock has a market capitalization of $41.59 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 3.86 and a beta of 0.10. General Mills has a 52 week low of $60.33 and a 52 week high of $75.90. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $69.92 and a 200 day moving average of $68.51.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Mills will post 4.5 earnings per share for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.60 per share. This is a boost from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.22%. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

Hedge Funds Weigh In On General Mills

Several large investors have recently made changes to their positions in the company. Rise Advisors LLC increased its holdings in General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after buying an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of General Mills by 409.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares during the period. Fortis Group Advisors LLC increased its stake in shares of General Mills by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. RFP Financial Group LLC raised its holdings in General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after purchasing an additional 173 shares during the period. Finally, Perkins Coie Trust Co boosted its position in General Mills by 769.2% during the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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.