Wedgewood Investors Inc. PA Trims Holdings in General Mills, Inc. (NYSE:GIS)

Wedgewood Investors Inc. PA trimmed its stake in General Mills, Inc. (NYSE:GIS) by 2.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,668 shares of the company’s stock after selling 301 shares during the period. Wedgewood Investors Inc. PA’s holdings in General Mills were worth $695,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. L.M. Kohn & Company raised its holdings in General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after buying an additional 155 shares during the period. Traverso Chambers Private Wealth Management LLC increased its holdings in General Mills by 1.0% in the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after buying an additional 156 shares during the last quarter. TrueWealth Advisors LLC raised its position in shares of General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after acquiring an additional 158 shares in the last quarter. Csenge Advisory Group grew its holdings in shares of General Mills by 1.0% during the third quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock worth $1,029,000 after purchasing an additional 164 shares during the last quarter. Finally, Lincoln National Corp increased its position in General Mills by 0.5% during the third quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock worth $2,293,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GIS. HSBC lifted their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Mizuho raised their price objective 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 restated a “sector perform” rating and set a $72.00 price objective on shares of General Mills in a report on Thursday, March 21st. Citigroup initiated coverage on shares of General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, Barclays raised their target price on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.18.

General Mills Trading Down 0.4 %

Shares of General Mills stock traded down $0.27 during trading on Wednesday, reaching $70.19. 975,293 shares of the company were exchanged, compared to its average volume of 4,204,006. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $39.86 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.42 and a beta of 0.15. The business has a 50-day moving average price of $67.87 and a 200-day moving average price of $65.73. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89.

General Mills (NYSE:GIS) last released its quarterly earnings data 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 net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by insiders.

General Mills 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.