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Barclays Maintains Their Hold Rating on General Mills (GIS)

Barclays analyst Andrew Lazar maintained a Hold rating on General Mills (GISResearch Report) on March 24 and set a price target of $68.00. The company’s shares closed last Friday at $67.39.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 4.0% and a 54.7% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.

General Mills has an analyst consensus of Hold, with a price target consensus of $67.00, implying a 0.5% upside from current levels. In a report issued on March 18, Evercore ISI also maintained a Hold rating on the stock with a $65.00 price target.

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Based on General Mills’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $4.54 billion and net profit of $660 million. In comparison, last year the company earned revenue of $4.52 billion and had a net profit of $596 million.

Based on the recent corporate insider activity of 94 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, 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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