Morgan Stanley (NYSE:MS) analyst Dara Mohsenian maintained a Hold rating on General Mills (NYSE:GIS) on Thursday, setting a price target of $57, which is approximately 2.91% above the present share price of $55.39.
Mohsenian expects General Mills to post earnings per share (EPS) of $1.12 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in General Mills, with an average price target of $61.6.
The analysts price targets range from a high of $65 to a low of $57.
In its latest earnings report, released on 11/30/2020, the company reported a quarterly revenue of $4.72 billion and a net profit of $917 million. The company's market cap is $33.87 billion.
According to TipRanks.com, Morgan Stanley analyst Dara Mohsenian is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.0% and a 66.33% success rate.
General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores and Foodservice; Europe and Australia; and Asia and Latin America; and Pet. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores and Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe and Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. The Asia and Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. The Pet segment represents the pet food products sold primarily in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.