General Mills (GIS) : 2 brokerage houses believe that General Mills (GIS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on General Mills (GIS). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.69.
General Mills (GIS) : 10 investment research analysts covering General Mills (GIS) have an average price target of $68.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $75 and the lowest target is $65 for the short term. Analysts expect the variance to be within $3.65 of the average price.
Company shares have received an average consensus rating of Hold for the current week General Mills (NYSE:GIS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.10 and $70.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.07, notching a gain of 0.01% for the day. The total traded volume was 2,212,662 . The stock had closed at $71.06 on the previous day.
In a related news, Young Jerald A, officer (Vice President) of General Mills Inc, unloaded 27,890 shares at an average price of $72.03 on July 15, 2016. The total amount of the transaction was worth $2,008,917, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.