General Mills (NYSE:GIS) : The highest short term price target forecast on General Mills (NYSE:GIS) is $70 and the lowest target price is $59. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $63.11 with a standard deviation of $3.48.
Shares of General Mills, Inc. rose by 6.81% in the last five trading days and 12.9% for the last 4 weeks. General Mills, Inc. is up 10.58% in the last 3-month period. Year-to-Date the stock performance stands at 25.56%.
General Mills (NYSE:GIS) : 12 analysts are covering General Mills (NYSE:GIS) and their average rating on the stock is 2.75, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. General Mills (NYSE:GIS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 2 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
General Mills (NYSE:GIS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.00 and $68.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.32, notching a gain of 5.10% for the day. The total traded volume was 12,379,965 . The stock had closed at $67.86 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of General Mills Inc, Mulligan Donal L had sold 45,968 shares worth of $2,964,936 in a transaction dated May 12, 2016. In this transaction, 45,968 shares were sold at $64.5 per share.
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.