Courier Capital LLC Has $234,000 Holdings in General Mills, Inc. (NYSE:GIS)

Courier Capital LLC cut its holdings in General Mills, Inc. (NYSE:GIS) by 57.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,909 shares of the company’s stock after selling 5,362 shares during the period. Courier Capital LLC’s holdings in General Mills were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIS. Norges Bank acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $496,484,000. Ameriprise Financial Inc. grew its stake in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after buying an additional 2,341,137 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of General Mills by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company’s stock valued at $4,376,573,000 after buying an additional 1,868,508 shares in the last quarter. LSV Asset Management grew its stake in shares of General Mills by 115.2% in the fourth quarter. LSV Asset Management now owns 2,817,780 shares of the company’s stock valued at $179,690,000 after buying an additional 1,508,680 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of General Mills in the fourth quarter valued at $80,994,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Down 0.6%

GIS opened at $54.47 on Wednesday. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The company has a market capitalization of $30.02 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.94 and a beta of 0.02. The stock has a fifty day moving average of $55.63 and a 200-day moving average of $59.50.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

GIS has been the subject of several analyst reports. The Goldman Sachs Group cut shares of General Mills from a “buy” rating to a “neutral” rating and decreased their target price for the company from $68.00 to $58.00 in a research note on Monday. Bank of America decreased their target price on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Barclays decreased their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Mizuho decreased their target price on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.44.

General Mills 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.