TipRanksStock Market NewsGIS NewsGeneral Mills (GIS) Receives a Hold from RBC Capital

General Mills (GIS) Receives a Hold from RBC Capital

In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on General Mills (GISResearch Report), with a price target of $66.00. The company’s shares closed last Tuesday at $62.68.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 11.7% and a 65.7% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.

General Mills has an analyst consensus of Hold, with a price target consensus of $65.50, a 4.2% 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 November 30, the company reported a quarterly revenue of $5.02 billion and net profit of $597 million. In comparison, last year the company earned revenue of $4.72 billion and had a net profit of $688 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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