Creekmur Asset Management LLC Makes New Investment in General Mills, Inc. (NYSE:GIS)

Creekmur Asset Management LLC purchased a new position in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 570 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Norges Bank purchased a new position in General Mills during the 4th quarter worth approximately $377,205,000. Massachusetts Financial Services Co. MA grew its position in General Mills by 106.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock worth $224,254,000 after purchasing an additional 1,778,345 shares in the last quarter. American Century Companies Inc. grew its position in General Mills by 257.7% during the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares in the last quarter. LSV Asset Management grew its position in General Mills by 165.6% during the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock worth $68,381,000 after purchasing an additional 654,550 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in General Mills by 6,893.6% during the 4th quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after purchasing an additional 504,816 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $77.00 target price on shares of General Mills in a research note on Monday, April 22nd. Morgan Stanley lifted their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Mizuho lifted their target price on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of General Mills from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.94.

Insider Transactions at General Mills

In other news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

General Mills Stock Up 1.2 %

General Mills stock opened at $66.28 on Tuesday. The firm has a market cap of $37.64 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 2.84 and a beta of 0.12. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $82.59. The firm has a fifty day moving average price of $68.95 and a two-hundred day moving average price of $66.73.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, analysts forecast that General Mills, Inc. will post 4.5 earnings per share for the current 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.