General Mills (GIS) Receives a Hold from Wells Fargo

In a report released today, Christopher Carey from Wells Fargo maintained a Hold rating on General Mills, with a price target of $49.00.

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Carey covers the Consumer Defensive sector, focusing on stocks such as General Mills, Church & Dwight, and Kimberly Clark. According to TipRanks, Carey has an average return of 0.6% and a 46.92% success rate on recommended stocks.

Currently, the analyst consensus on General Mills is a Hold with an average price target of $52.38.

Based on General Mills’ latest earnings release for the quarter ending August 24, the company reported a quarterly revenue of $4.52 billion and a net profit of $1.2 billion. In comparison, last year the company earned a revenue of $4.85 billion and had a net profit of $579.9 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, Paul Joseph Gallagher, the Chief Supply Chain Officer of GIS sold 1,500.00 shares for a total of $72,225.00.