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4,761 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Cahill Financial Advisors Inc.

General Mills logo with Consumer Staples background

Cahill Financial Advisors Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,761 shares of the company's stock, valued at approximately $304,000.

A number of other large investors have also recently bought and sold shares of GIS. Barclays PLC increased its position in shares of General Mills by 1.2% in the third quarter. Barclays PLC now owns 1,634,280 shares of the company's stock valued at $120,691,000 after acquiring an additional 19,290 shares during the last quarter. World Investment Advisors LLC acquired a new position in General Mills during the third quarter worth $403,000. Franklin Resources Inc. increased its stake in shares of General Mills by 0.7% during the 3rd quarter. Franklin Resources Inc. now owns 438,014 shares of the company's stock worth $31,025,000 after purchasing an additional 2,842 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of General Mills by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 792,993 shares of the company's stock valued at $58,563,000 after purchasing an additional 27,847 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Price Performance

Shares of General Mills stock traded down $0.19 on Friday, reaching $54.52. 4,888,864 shares of the stock were exchanged, compared to its average volume of 4,450,207. The firm's 50 day moving average is $58.30 and its 200-day moving average is $61.29. The firm has a market cap of $30.05 billion, a PE ratio of 11.85, a P/E/G ratio of 1.94 and a beta of 0.05. 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, Inc. has a one year low of $53.82 and a one year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. As a group, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GIS shares. UBS Group started coverage on General Mills in a report on Wednesday, April 23rd. They set a "sell" rating and a $54.00 target price on the stock. Jefferies Financial Group increased their price objective on shares of General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Mizuho reduced their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Barclays lowered their price target on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Finally, Citigroup decreased their target price on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, General Mills currently has a consensus rating of "Hold" and an average target price of $65.00.

Read Our Latest Report on GIS

General Mills Company Profile

(Free Report)

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.

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

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