General Mills (NYSE:GIS) Rating Reaffirmed
In a recent research report distributed to Clients this morning, RBC Capital Mkts has decided to reaffirm their “Outperform” rating on General Mills (NYSE:GIS) shares. The target price per share would possibly suggest a possible upside of 9.36% from company’s last stock price.
From a total of 14 analysts covering General Mills Inc. (NYSE:GIS) stock, 4 rate it a ”Buy”, 3 a “Sell”, and 11 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is $65 while the lowest target price is $50. The mean of all analyst targets is $58.57 with a 0.82% above today’s ($58.52) stock price. General Mills Inc. was the topic of 7 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs reinitiated shares on December 1 with “Neutral” rating. Zacks downgraded GIS stock in a recent report from August 28 to “Hold” rating.
The stock increased 2.18% or $1.25 on December 4, striking $58.52. Approximately shares of stock traded hands. General Mills, Inc. (NYSE:GIS) has risen 4.78% since May 4, 2015 and is uptrending. It has outperformed by 5.86% the S&P500.
Analysts await General Mills, Inc. (NYSE:GIS) to reports earnings on December, 16. They expect $0.83 earnings per share, up 3.75% or $0.03 from last year’s $0.8 per share. GIS’s profit will be $496.13 million for 17.63 P/E if the $0.83 EPS becomes reality. After $0.79 actual earnings per share reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts 5.06% EPS growth.
The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.17, from 0.91 in 2015Q2. The ratio increased, as 48 institutions have sold all the shares of General Mills, Inc. that they owned while 371 funds have taken shares off the table. 88 funds have purchased shares for the first time while 366 added to their positions. These institutions now hold 417.04 million shares or 3.94% more than the 401.23 million shares they owned in 2015Q2.
The Fund Montgomery Investment Management Inc currently is holding shares equating to 13.02% of its total portfolio in General Mills, Inc. representing a total of 393,195 shares. Another fund,Cincinnati Indemnity Co, is holding a total of 26,000 shares equating to 7.18% of their holdings. Additionally, Cincinnati Casualty Co has a 82,000 share stake in General Mills, Inc. which represents 5.88% of their total portfolio. The Fund, Gavekal Capital Llc, based out of Colorado, has also built up a stake in the stock, which represents a total of 4.75% of their total portfolio. Finally Nepsis Capital Management Inc., a fund which is based in the state of Minnesota reported a total holdings of 140,119 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 31, 2015, shareholders of General Mills, Inc. have witnessed 0 insider buys, and a total of 7 sales equating to a net activity of approximately $27.78 million . Erickson Peter C sold 60,000 shares worth approximately $3.56M. Nelson Kimberly A sold 80,626 shares worth approximately $4.78 million. Ogrady Shawn P sold 124,800 shares worth approximately $7.33 million. Oleary Christopher D sold 187,500 shares worth approximately $10.64 million. The company insider Mulligan Donal L sold 12,000 shares worth $688,560.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $34.98 billion. The Firm is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has 27.66 P/E ratio. The Firm is organized into three operating divisions: U.S.
According to Zacks Investment Research, “General Mills, Inc. is one of the leading producers of packaged consumer foods and markets its products primarily through its own sales organizations, supported by advertising and other promotional activities. Such products are primarily distributed directly to retail food chains, cooperatives, membership stores and wholesalers.” Get a free copy of the Zacks research report on General Mills, Inc. (GIS).