General Mills, Inc. (NYSE:GIS) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 29.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,469 shares of the company’s stock after purchasing an additional 29,700 shares during the quarter. Private Advisor Group LLC’s holdings in General Mills were worth $8,434,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Operose Advisors LLC lifted its position in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after buying an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in General Mills during the fourth quarter valued at $27,000. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the fourth quarter valued at about $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills in the third quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of General Mills during the third quarter worth about $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GIS. Barclays lifted their price target on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. HSBC boosted their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. TD Cowen boosted their price objective on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. raised their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Trading Up 0.0 %

GIS traded up $0.02 during mid-day trading on Wednesday, hitting $69.93. 228,184 shares of the stock were exchanged, compared to its average volume of 4,139,141. The company has a market cap of $39.71 billion, a PE ratio of 16.03, a PEG ratio of 2.41 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $68.36 and its two-hundred day moving average is $65.97. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.