Toronto Dominion Bank boosted its holdings in General Mills, Inc. (NYSE:GIS) by 16.5% in the first quarter, HoldingsChannel reports. The firm owned 414,368 shares of the company’s stock after purchasing an additional 58,563 shares during the period. Toronto Dominion Bank’s holdings in General Mills were worth $21,438,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GIS. Acima Private Wealth LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $29,000. We Are One Seven LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $30,000. Legacy Advisors LLC bought a new stake in shares of General Mills during the first quarter valued at approximately $31,000. BDO Wealth Advisors LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $37,000. Finally, Sageworth Trust Co bought a new stake in shares of General Mills during the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 69.22% of the company’s stock.

Shares of NYSE:GIS traded up $0.13 during mid-day trading on Thursday, hitting $52.54. 114,514 shares of the company traded hands, compared to its average volume of 4,451,683. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.20 and a beta of 0.77. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 1.61. General Mills, Inc. has a 12-month low of $36.42 and a 12-month high of $52.46.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that General Mills, Inc. will post 3.14 earnings per share for the current year.

In other General Mills news, insider Shawn P. Ogrady sold 118,152 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $48.50, for a total value of $5,730,372.00. Following the transaction, the insider now owns 187,891 shares of the company’s stock, valued at $9,112,713.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Donal L. Mulligan sold 126,337 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $50.00, for a total value of $6,316,850.00. Following the completion of the transaction, the chief financial officer now directly owns 378,663 shares in the company, valued at approximately $18,933,150. The disclosure for this sale can be found here. In the last three months, insiders sold 444,222 shares of company stock worth $21,764,784. Insiders own 0.59% of the company’s stock.

Several research firms have recently commented on GIS. Wells Fargo & Co boosted their price objective on General Mills from $53.00 to $56.00 and gave the company a “positive” rating in a report on Friday, March 22nd. Citigroup reaffirmed a “top pick” rating and set a $60.00 target price (up previously from $54.00) on shares of General Mills in a research report on Thursday, March 21st. Standpoint Research cut General Mills from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Guggenheim started coverage on General Mills in a research report on Tuesday, January 22nd. They set a “buy” rating and a $49.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on General Mills from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.91.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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