In a report released today, Matthew Smith, CFA from Stifel Nicolaus maintained a Buy rating on General Mills (GIS – Research Report), with a price target of $77.00. The company’s shares closed last Friday at $70.42.
Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Altria Group, and Campbell Soup. According to TipRanks, Smith, CFA has an average return of 9.8% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on General Mills is a Hold with an average price target of $71.94.
The company has a one-year high of $87.77 and a one-year low of $59.27. Currently, General Mills has an average volume of 4.25M.
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.
Read More on GIS:
- Bernstein sees Hershey as ‘most suitable’ buyer of Simply Good Foods
- GIS, KLG: 2 Consumer-Packaged Food Stocks for Contrarians
- General Mills price target raised to $72 from $70 at Barclays
- General Mills reported ‘constructive’ quarter, says RBC Capital
- General Mills price target raised to $72 from $68 at BofA
