Zacks Investment Research upgraded General Mills, Inc. (NYSE:GIS) to Hold in a statement released earlier today.
- Updated: September 24, 2016
Zacks Investment Research has upgraded General Mills, Inc. (NYSE:GIS) to Hold in a report released on 09/23/2016.
Previously on 9/22/2016, UBS Securities released a statement about General Mills, Inc. (NYSE:GIS) lowered the target price from $71.00 to $67.00 that suggested an upside of 0.03%.
Having a price of $64.96, General Mills, Inc. (NYSE:GIS) traded -0.63% lower on the day. The last stock close price is down -2.18% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $68.98 and a 200-day moving average of $66.09. 3,252,646 shares of the stock traded hands, down from an average trading volume of 3,686,970
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With a total market value of $0, General Mills, Inc. has 52 week low of $53.53 and a 52 week high of $72.95 with a P/E ratio of 23.51 .
In addition to Zacks Investment Research reporting its target price, a total of 16 firms have reported on GIS. The one year target is $66.63 with two analysts rating the company a strong buy, two analysts rating the company a buy, eleven brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On General Mills, Inc. (NYSE:GIS)
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products are marketed under various brands, which include Annie's and Betty Crocker. The Company's U.S. Retail segment reflects business with a range of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers operating throughout the United States. The International segment consists of retail and foodservice businesses outside of the United States. The Convenience Stores and Foodservice segment's product categories include ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes.
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