Today Analysts Focus on General Mills, Inc. (GIS), KKR & Co. LP (KKR)


General Mills has cut its full-year sales and earnings outlook for the 12 months to end-May.

In an overview of the current analyst recommendations, Buy count is 3 and Overweight is 1 while the number of analysts recommending Sell and Underweight are 3 and 1, respectively.

General Mills opened for trading at $62.81 and hit $63.73 on the upside on Wednesday, eventually ending the session at $63.09, with a gain of 0.32% or 0.2 points. Brick & Kyle Associates now owns 1,592 shares of the company's stock valued at $114,000 after buying an additional 100 shares during the period.

The company expects total segment operating profit growth in constant currency to range from down 1% to up 1%, reflecting lower sales and incremental spending planned for the fourth quarter to improve performance on key business lines. Lenox Wealth Advisors Inc. increased its position in General Mills by 0.7% in the third quarter. Jacobi Capital Management LLC now owns 2,500 shares of the company's stock worth $158,000 after buying an additional 2,000 shares in the last quarter. Corporate insiders own 1.30% of the company's stock. Analysts had expected General Mills, Inc. (NYSE:GIS) to Sector Perform by settling a price target of $69 on 12/15/16. General Mills Inc. The company has a market cap of $36.05 billion, a PE ratio of 23.21 and a beta of 0.54. Consumer Edge Downgrades the company's stock to Underperform on 9/20/16 with no specific Price Target.

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General Mills (NYSE:GIS) last issued its earnings results on Tuesday, December 20th. The difference between the estimated and actual earnings was $-0.01 per share.

General Mills did, however, stress that it is making progress on strengthening its margins. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.01. The stock is performing 0.4% year to date. The company's revenue for the quarter was down 7.1% on a year-over-year basis.

General Mills, Inc. (NYSE:GIS) share price Fell -2.61% to reach $61.54 during the last trading session. Stockholders of record on Tuesday, January 10th were given a $0.48 dividend. The ex-dividend date of this dividend is Friday, January 6th. General Mills's dividend payout ratio (DPR) is presently 71.64%.

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Several equities research analysts recently weighed in on GIS shares.

2 analysts rated the stock of Cobalt International Energy, Inc. They set a "hold" rating and a $61.00 price target for the company. The company has a 1 Year high price target of $63.6. Bank of Hawaii raised its stake in General Mills by 1.3% in the second quarter. This recommendation lands on a scale between 1 and 5.

General Mills, Inc. (NYSE:GIS) now has a consensus Price Target of $63.6.

In other news, Director Robert L. Ryan sold 20,000 shares of the company's stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $60.83, for a total transaction of $1,216,600.00. Following the transaction, the Director is left with a stake of 34,676 shares, now valued at $2133961. RBC Capital Mkts analysts disclosed their opinion on General Mills, Inc. The company offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain and fruit and savory snacks, stable and frozen vegetables, and ice cream and frozen desserts, as well as various organic products, including meal kits, granola bars, and cereal. The Company is organized into three operating segments: U.S. Retail International and Convenience Stores and Foodservice.

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