The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.81 billion.
The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. General Mills ( NYSE:GIS – Get Rating) last issued its earnings results on Wednesday, June 29th. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.63 and a quick ratio of 0.40. The company has a market capitalization of $46.17 billion, a PE ratio of 17.53, a P/E/G ratio of 2.60 and a beta of 0.35. The firm’s 50-day moving average is $73.97 and its 200 day moving average is $70.37. has a 12 month low of $56.67 and a 12 month high of $78.36. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.73. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Finally, Morgan Stanley lifted their price objective on shares of General Mills from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Friday, July 1st. Credit Suisse Group set a $74.00 price target on General Mills in a report on Tuesday, July 19th. BMO Capital Markets lifted their target price on General Mills from $66.00 to $80.00 and gave the stock a “market perform” rating in a report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft upped their price objective on General Mills from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 30th. Piper Sandler boosted their target price on shares of General Mills from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, June 30th. GIS has been the topic of a number of research reports. 74.63% of the stock is currently owned by institutional investors. Metis Global Partners LLC now owns 12,205 shares of the company’s stock valued at $826,000 after purchasing an additional 4,286 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in General Mills by 54.1% during the first quarter. Regentatlantic Capital LLC now owns 20,672 shares of the company’s stock valued at $1,400,000 after purchasing an additional 481 shares in the last quarter. Regentatlantic Capital LLC raised its stake in General Mills by 2.4% during the first quarter. BLB&B Advisors LLC now owns 6,545 shares of the company’s stock valued at $443,000 after purchasing an additional 146 shares in the last quarter. BLB&B Advisors LLC grew its holdings in shares of General Mills by 2.3% in the first quarter. Checchi Capital Advisers LLC now owns 5,681 shares of the company’s stock valued at $385,000 after acquiring an additional 514 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of General Mills by 9.9% during the 1st quarter. IFM Investors Pty Ltd now owns 90,359 shares of the company’s stock worth $6,119,000 after purchasing an additional 13,104 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of General Mills by 17.0% in the first quarter. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC’s holdings in General Mills were worth $7,838,000 as of its most recent SEC filing. The institutional investor owned 115,744 shares of the company’s stock after selling 3,142 shares during the period. ( NYSE:GIS – Get Rating) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. ProShare Advisors LLC cut its holdings in General Mills, Inc.
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