General Mills, Inc. (NYSE:GIS) Shares Acquired by Rise Advisors LLC

Rise Advisors LLC boosted its holdings in General Mills, Inc. (NYSE:GIS) by 199.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 410 shares of the company’s stock after buying an additional 273 shares during the period. Rise Advisors LLC’s holdings in General Mills were worth $29,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GIS. Norges Bank purchased a new position in shares of General Mills in the 4th quarter worth about $377,205,000. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $224,254,000 after buying an additional 1,778,345 shares during the period. American Century Companies Inc. raised its holdings in shares of General Mills by 257.7% during the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock valued at $67,954,000 after buying an additional 765,070 shares during the period. LSV Asset Management raised its holdings in shares of General Mills by 165.6% during the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after buying an additional 654,550 shares during the period. Finally, International Assets Investment Management LLC grew its stake 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 valued at $33,361,000 after purchasing an additional 504,816 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.24% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $66.70 on Friday. The business’s 50-day moving average price is $68.83 and its two-hundred day moving average price is $66.74. 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 one year low of $60.33 and a one year high of $82.59. The company has a market capitalization of $37.88 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.89 and a beta of 0.12.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm 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 company posted $0.97 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Analysts anticipate that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho lifted their target price on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. HSBC lifted their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. Wells Fargo & Company lifted their target price on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Morgan Stanley lifted their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.94.

About General Mills

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.