Bernstein Sticks to Its Sell Rating for General Mills (GIS)
In a report released yesterday, Alexia Burland Howard from Bernstein maintained a Sell rating on General Mills, with a price target of $31.00. The company’s shares closed yesterday at $33.82.
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According to TipRanks, Burland Howard is an analyst with an average return of -8.5% and a 40.49% success rate. Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and McCormick & Company.
In addition to Bernstein, General Mills also received a Sell from Morgan Stanley’s Megan Alexander in a report issued on June 5. However, yesterday, RBC Capital maintained a Buy 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 94 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.
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