General Mills (GIS) : The most positive equity analysts on General Mills (GIS) expects the shares to touch $73, whereas, the least positive believes that the stock will trade at $63 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $68 with an expected fluctuation of $3.37 from the mean.
General Mills (GIS) has witnessed a drop of 8.4% or 1,148,124 shares in its short figure. The short interest diminution took it from 13,621,599 on June 15,2016 to 12,473,475 on June 30,2016. In terms of floated shares, the short interest was calculated to be 2.1%. The days to cover are 3 given that the daily volume averaged 4,532,911 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Goldman Sachs maintains its rating on General Mills (NYSE:GIS). The global brokerage major raises the current price target from $58 per share to $60 per share. Analysts at the Goldman Sachs have a current rating of Sell on the shares. The rating by the firm was issued on June 30, 2016.
General Mills (NYSE:GIS): stock turned positive on Thursday. Though the stock opened at $71.69, the bulls momentum made the stock top out at $72.315 level for the day. The stock recorded a low of $71.68 and closed the trading day at $72.09, in the green by 0.21%. The total traded volume for the day was 2,689,482. The stock had closed at $71.94 in the previous days trading.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.