Huntleigh Advisors Inc. Invests $849,000 in General Mills, Inc. $GIS

Huntleigh Advisors Inc. purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,256 shares of the company’s stock, valued at approximately $849,000.

Several other large investors have also made changes to their positions in GIS. Worldquant Millennium Advisors LLC acquired a new position in General Mills in the second quarter worth approximately $84,862,000. Two Sigma Investments LP raised its position in General Mills by 82.8% during the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock valued at $172,226,000 after acquiring an additional 1,546,993 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in General Mills by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock valued at $384,625,000 after acquiring an additional 1,383,913 shares during the last quarter. Nordea Investment Management AB grew its position in General Mills by 15.9% in the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after acquiring an additional 1,368,041 shares in the last quarter. Finally, Invesco Ltd. grew its position in General Mills by 13.0% in the third quarter. Invesco Ltd. now owns 7,664,990 shares of the company’s stock worth $386,469,000 after acquiring an additional 883,150 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 0.0%

NYSE:GIS opened at $34.95 on Monday. General Mills, Inc. has a 12 month low of $34.04 and a 12 month high of $57.08. The firm has a market cap of $18.65 billion, a price-to-earnings ratio of 8.55 and a beta of 0.01. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The company’s 50 day moving average is $39.46 and its 200-day moving average is $44.14.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the company posted $1.12 earnings per share. General Mills’s quarterly revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that General Mills, Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on GIS. Piper Sandler dropped their price target on shares of General Mills from $53.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Zacks Research lowered shares of General Mills from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Morgan Stanley decreased their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada lowered their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, BTIG Research began coverage on General Mills in a report on Monday, April 13th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has an average rating of “Reduce” and an average price target of $43.22.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.