Wells Fargo Reaffirms Their Sell Rating on General Mills (GIS)
Wells Fargo analyst Christopher Carey maintained a Sell rating on General Mills today and set a price target of $30.00.
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According to TipRanks, Carey is a 3-star analyst with an average return of 2.3% and a 48.95% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Clorox, Conagra Brands, and General Mills.
General Mills has an analyst consensus of Hold, with a price target consensus of $38.00.
Based on General Mills’ latest earnings release for the quarter ending February 22, the company reported a quarterly revenue of $4.44 billion and a net profit of $303.1 million. In comparison, last year the company earned a revenue of $4.84 billion and had a net profit of $625.6 million
Based on the recent corporate insider activity of 89 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. Earlier this month, Jacqueline Williams-Roll, the CHRO of GIS sold 20,000.00 shares for a total of $682,200.00.
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