Bernstein downgrades General Mills (GIS) to a Sell
General Mills received a Sell rating and a $31.00 price target from Bernstein analyst Alexia Burland Howard today.
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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.
Read More on GIS:
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- General Mills downgraded to Underperform from Market Perform at Bernstein
- General Mills price target lowered to $30 from $35 at UBS
- General Mills price target lowered to $36 from $40 at Goldman Sachs
- General Mills to sell Haagen-Dazs shops in Mainland China, terms not stated
- General Mills price target lowered to $36 from $42 at BofA
