Great Valley Advisor Group Inc. Boosts Stake in General Mills, Inc. (NYSE:GIS)

Great Valley Advisor Group Inc. grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,389 shares of the company’s stock after purchasing an additional 706 shares during the period. Great Valley Advisor Group Inc.’s holdings in General Mills were worth $481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GIS. L.M. Kohn & Company raised its stake in General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after acquiring an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC raised its stake in shares of General Mills by 1.0% during the 4th 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 stake 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 valued at $246,000 after buying an additional 158 shares during the last quarter. Csenge Advisory Group raised its stake in shares of General Mills by 1.0% during the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock valued at $1,029,000 after buying an additional 164 shares during the last quarter. Finally, Lincoln National Corp raised its stake in shares of General Mills by 0.5% during the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock valued at $2,293,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Down 1.0 %

GIS stock opened at $69.91 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average is $68.16 and its two-hundred day moving average is $65.88. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The company has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15.

General Mills (NYSE:GIS) last announced 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. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Morgan Stanley raised their target price on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Wells Fargo & Company raised their target price on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Mizuho raised their target price on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $72.18.

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.