Gateway Investment Advisers LLC Purchases 14,483 Shares of General Mills, Inc. $GIS

Gateway Investment Advisers LLC boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 128.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,765 shares of the company’s stock after purchasing an additional 14,483 shares during the quarter. Gateway Investment Advisers LLC’s holdings in General Mills were worth $1,198,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC acquired a new position in shares of General Mills in the 3rd quarter valued at $25,000. Close Asset Management Ltd acquired a new stake in General Mills during the 3rd quarter worth $28,000. Activest Wealth Management raised its stake in General Mills by 211.7% during the 4th quarter. Activest Wealth Management now owns 695 shares of the company’s stock worth $32,000 after buying an additional 472 shares during the period. Binnacle Investments Inc lifted its holdings in General Mills by 312.5% during the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its stake in General Mills by 190.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 737 shares of the company’s stock valued at $34,000 after acquiring an additional 483 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of several recent analyst reports. TD Cowen lowered their price target on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a report on Thursday, March 19th. JPMorgan Chase & Co. cut their price objective on General Mills from $42.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, March 19th. The Goldman Sachs Group decreased their price objective on General Mills from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Sanford C. Bernstein dropped their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Finally, Stifel Nicolaus cut their price target on shares of General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $43.22.

General Mills Stock Down 3.0%

NYSE:GIS opened at $34.65 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The company has a market cap of $18.49 billion, a PE ratio of 8.47 and a beta of -0.02. General Mills, Inc. has a 52-week low of $33.58 and a 52-week high of $55.35. The stock has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $43.48.

General Mills (NYSE:GIS) last released 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). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts expect that General Mills, Inc. will post 3.44 EPS for the current fiscal year.

General Mills Company 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.