This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Bernstein downgrades General Mills (GIS) to a Sell

Tipranks - Thu Jun 4, 3:56AM CDT

General Mills received a Sell rating and a $31.00 price target from Bernstein analyst Alexia Burland Howard today.

Claim 55% Off TipRanks

According to TipRanks, Burland Howard is an analyst with an average return of -9.7% and a 37.82% success rate. Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and Kraft Heinz.

In addition to Bernstein, General Mills also received a Sell from UBS’s Peter Grom in a report issued yesterday. However, on the same day, Goldman Sachs maintained a Hold rating on General Mills (NYSE: GIS).

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 88 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. Last month, Jacqueline Williams-Roll, the CHRO of GIS sold 20,000.00 shares for a total of $682,200.00.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.