The shares of General Mills, Inc. (NYSE:GIS) has been pegged with a rating of Hold by Standpoint Research in its latest research note that was published on February 21st, 2019. Standpoint Research wasn’t the only research firm that published a report of General Mills, Inc., with other equities research analysts also giving their opinion on the stock. Guggenheim advised investors in its research note published on January 23rd, 2019, to Buy the GIS stock. The stock had earned Buy rating from Standpoint Research when it published its report on December 26th, 2018. The stock was given Neutral rating by BofA/Merrill in its report released on December 7th, 2018, the day when the price target on the stock was placed at $45. Morgan Stanley was of a view that GIS is Equal-Weight in its latest report on September 17th, 2018 while giving it a price target of $48. Goldman thinks that GIS is worth Neutral rating. This was contained in the firm’s report on May 16th, 2018 in which the stock’s price target was also moved to $47.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $50.20. The price of the stock the last time has raised by 42.70% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 63.47.
The shares of the company added by 0.35% during the trading session on Tuesday, reaching a low of $51.51 while ending the day at $51.97. During the trading session, a total of 3.23 million shares were traded which represents a 23.35% incline from the average session volume which is 4.21M shares. GIS had ended its last session trading at 51.79. General Mills, Inc. currently has a market cap of $31.04B, while its P/E ratio stands at 20.71, while its P/E earnings growth sits at 1.87, with a beta of 0.74. General Mills, Inc. debt-to-equity ratio currently stands at 2.17, while its quick ratio hovers at 0.30. GIS 52-week low price stands at $36.42 while its 52-week high price is $52.17.
The company in its last quarterly report recorded $0.83 earnings per share which is above the $0.69 predicted by most analysts. The General Mills, Inc. generated $4,198.30 million in revenue during the last quarter, which is slightly higher than the $4,194.75 million predicted by analysts. In the second quarter last year, the firm recorded $0.85 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -2.41%. General Mills, Inc. has the potential to record 2.51 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on April 18th, 2019 where it informed investors and clients that FMC Corporation (NYSE:FMC) is now rated as Sector Perform. Their price target on the stock stands at $87. Guggenheim also rated FMC as Initiated on January 23rd, 2019, with its price target of $140 suggesting that FMC could surge by 19.62% from its current share price. Even though the stock has been trading at $74.99/share, analysts expect it to surge higher by 0.19% to reach $93.47/share. It started the day trading at $76.26 and traded between $74.79 and $75.13 throughout the trading session.
A look at its technical shows that FMC’s 50-day SMA is 78.25 while its 200-day SMA stands at 81.77. The stock has a high of $81.80 for the year while the low is $60.11. The company’s P/E ratio currently sits at 16.55, while the P/B ratio is 3.59. At the moment, only of FMC Corporation shares were sold short. The company’s average trading volume currently stands at 1.08M shares, which means that the short-interest ratio is just 2.52 days. Over the past seven days, the company moved, with its shift of -4.31%. Looking further, the stock has raised 5.39% over the past 90 days while it gained 3.62% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more FMC shares, increasing its portfolio by +1.62% during the last quarter. This move now sees The Vanguard Group Inc purchasing 230,515 shares in the last quarter, thus it now holds 14,471,758 shares of FMC, with a total valuation of $1,144,137,187. Glenview Capital Management LLC meanwhile bought more FMC shares in the recently filed quarter, changing its stake to $704,650,237 worth of shares. Wellington Management Co LLP followed the path by increasing its FMC portfolio by +11.44% in the quarter. This means that Wellington Management Co LLP bought 827,292 shares in the last quarter and now controls 8,059,795 shares of the FMC stock, with the valuation hitting $637,207,393.
Similarly, SSgA Funds Management Inc decreased its FMC Corporation shares by -1.16% during the recently filed quarter. After selling -75,049 shares in the last quarter, the firm now controls 6,373,891 shares of FMC Corporation which are valued at $503,919,822. In the same vein, BlackRock Fund Advisors decreased its FMC Corporation shares by during the most recent reported quarter. The firm sold -117,731 shares during the quarter which decreased its stakes to 6,208,650 shares and is now valued at $490,855,869. Following these latest developments, around 0.70% of FMC Corporation stocks are owned by institutional investors and hedge funds.