Fintel reports that on September 18, 2023, Piper Sandler maintained coverage of General Mills (NYSE:GIS) with a Overweight recommendation.
Analyst Price Forecast Suggests 22.73% Upside
As of August 31, 2023, the average one-year price target for General Mills is 80.82. The forecasts range from a low of 69.69 to a high of $95.55. The average price target represents an increase of 22.73% from its latest reported closing price of 65.85.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Mills is 20,199MM, an increase of 0.52%. The projected annual non-GAAP EPS is 4.40.
What is the Fund Sentiment?
There are 2429 funds or institutions reporting positions in General Mills. This is a decrease of 67 owner(s) or 2.68% in the last quarter. Average portfolio weight of all funds dedicated to GIS is 0.28%, a decrease of 12.56%. Total shares owned by institutions decreased in the last three months by 4.01% to 512,983K shares. 
The put/call ratio of GIS is 0.71, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 32,891K shares representing 5.66% ownership of the company. In it's prior filing, the firm reported owning 33,535K shares, representing a decrease of 1.96%. The firm decreased its portfolio allocation in GIS by 17.44% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,333K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 18,253K shares, representing an increase of 0.43%. The firm decreased its portfolio allocation in GIS by 16.83% over the last quarter.
Capital Research Global Investors holds 17,933K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 22,425K shares, representing a decrease of 25.05%. The firm decreased its portfolio allocation in GIS by 32.61% over the last quarter.
AMRMX - AMERICAN MUTUAL FUND holds 17,136K shares representing 2.95% ownership of the company. No change in the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,985K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 13,759K shares, representing an increase of 1.62%. The firm decreased its portfolio allocation in GIS by 17.38% over the last quarter.
General Mills Background Information
(This description is provided by the company.)
General Mills is a leading global food company whose purpose is to make food the world loves. Its brands include Cheerios, Annie's, Yoplait, Nature Valley, Häagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki, BLUE and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2020 net sales of U.S. $17.6 billion. In addition, General Mills' share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
