Why Goldman Sachs Has Just Restated Their Neutral Rating For General Mills Inc (NYSE:GIS) Shares


General Mills Inc (NYSE:GIS) Rating Reaffirmed

In recent note issued to investors and clients by Goldman Sachs on Tuesday morning, The Rating on General Mills Inc (NYSE:GIS) shares of a ‘Neutral’ was reiterated.

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 1.11% above today’s ($58.35) stock price. General Mills Inc. was the topic of 6 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Susquehanna initiated shares on October 26 with “Neutral” rating. RBC Capital Markets upgraded GIS stock in a recent report from July 21 to “Outperform” rating.

Approximately 883,295 shares of stock traded hands. General Mills, Inc. (NYSE:GIS) has risen 2.96% since April 28, 2015 and is uptrending. It has outperformed by 4.58% 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 $501.61M for 17.58 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.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $35.27 billion. The Firm is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has 27.58 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)