1,217 Shares in General Mills, Inc. (NYSE:GIS) Bought by Greenline Partners LLC

Greenline Partners LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,217 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds have also modified their holdings of the company. Focus Partners Wealth increased its holdings in General Mills by 75.5% in the 4th quarter. Focus Partners Wealth now owns 695,277 shares of the company’s stock worth $44,939,000 after buying an additional 299,159 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of General Mills by 4.6% in the fourth quarter. Ensign Peak Advisors Inc now owns 497,291 shares of the company’s stock worth $31,712,000 after acquiring an additional 21,989 shares during the period. Ethic Inc. raised its holdings in shares of General Mills by 8.0% during the fourth quarter. Ethic Inc. now owns 111,687 shares of the company’s stock worth $7,122,000 after purchasing an additional 8,240 shares during the last quarter. FORA Capital LLC acquired a new position in General Mills during the fourth quarter valued at $1,961,000. Finally, Family Management Corp boosted its holdings in General Mills by 1,320.5% in the fourth quarter. Family Management Corp now owns 56,949 shares of the company’s stock valued at $3,632,000 after purchasing an additional 52,940 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho lowered their target price on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Stifel Nicolaus dropped their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Bank of America dropped their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, Citigroup decreased their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus target price of $65.00.

General Mills Trading Down 0.3 %

Shares of GIS stock opened at $54.52 on Friday. General Mills, Inc. has a fifty-two week low of $53.82 and a fifty-two week high of $75.90. The firm has a market capitalization of $30.05 billion, a P/E ratio of 11.85, a PEG ratio of 1.94 and a beta of 0.05. The stock’s fifty day moving average is $58.30 and its two-hundred day moving average is $61.34. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.