Riverview Trust Co Takes $35,000 Position in General Mills, Inc. (NYSE:GIS)

Riverview Trust Co purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 504 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds also recently made changes to their positions in GIS. Operose Advisors LLC raised its holdings in shares of General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after buying an additional 274 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $28,000. Rise Advisors LLC raised its holdings in General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares in the last quarter. Finally, Fortis Group Advisors LLC raised its holdings in General Mills by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

GIS opened at $67.25 on Wednesday. The stock has a fifty day moving average of $68.85 and a 200-day moving average of $66.80. The firm has a market capitalization of $38.19 billion, a P/E ratio of 15.42, a PEG ratio of 3.17 and a beta of 0.12. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $82.59. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

Insider Activity

In related news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of several recent analyst reports. Bank of America boosted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Morgan Stanley boosted their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Mizuho boosted their target price on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report 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 report on Thursday, March 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.94.

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.