In a report released yesterday, Christopher Carey from Wells Fargo maintained a Hold rating on General Mills (GIS – Research Report), with a price target of $65.00. The company’s shares closed yesterday at $65.00.
According to TipRanks, Carey is a 4-star analyst with an average return of 4.4% and a 52.12% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Colgate-Palmolive, and Clorox.
The word on The Street in general, suggests a Hold analyst consensus rating for General Mills with a $67.43 average price target, which is a 3.74% upside from current levels. In a report released on February 20, Barclays also reiterated a Hold rating on the stock with a $70.00 price target.
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GIS market cap is currently $37.09B and has a P/E ratio of 15.89.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GIS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
General Mills (GIS) Company Description:
General Mills, Inc. is a multinational food company. Headquartered in Minneapolis, the company manufactures and markets branded consumer foods, which it sells through retail stores. Its product categories include convenient meals, ready-to-eat cereals, snacks, super-premium ice creams, yogurt, baking mixes and ingredients, and refrigerated and frozen dough.
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