General Mills, Inc. $GIS Shares Purchased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its position in shares of General Mills, Inc. (NYSE:GIS) by 56.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,843 shares of the company’s stock after purchasing an additional 32,893 shares during the quarter. Valley Wealth Managers Inc.’s holdings in General Mills were worth $4,224,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GIS. LBP AM SA bought a new position in shares of General Mills during the 4th quarter valued at about $2,639,000. Oak Thistle LLC bought a new stake in shares of General Mills in the 4th quarter worth approximately $1,320,000. Robeco Institutional Asset Management B.V. lifted its stake in General Mills by 1,824.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after purchasing an additional 848,712 shares during the last quarter. Korea Investment CORP lifted its stake in General Mills by 161.9% during the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock valued at $16,800,000 after purchasing an additional 205,981 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in General Mills by 7.7% during the third quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock worth $17,445,000 after buying an additional 24,688 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Down 2.4%

General Mills stock opened at $33.84 on Tuesday. The company has a 50 day moving average price of $37.56 and a 200 day moving average price of $43.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. General Mills, Inc. has a 52 week low of $33.37 and a 52 week high of $55.35. The firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 8.27 and a beta of -0.02.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. Research analysts forecast that General Mills, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

GIS has been the topic of several recent research reports. Mizuho decreased their price target on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Sanford C. Bernstein reduced their price objective on General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. TD Cowen decreased their target price on General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Barclays set a $36.00 target price on General Mills in a research report on Monday. Finally, Zacks Research downgraded General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $42.83.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.