Aptus Capital Advisors LLC Purchases 8,769 Shares of General Mills, Inc. (NYSE:GIS)

Aptus Capital Advisors LLC increased its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 43.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,096 shares of the company's stock after buying an additional 8,769 shares during the quarter. Aptus Capital Advisors LLC's holdings in General Mills were worth $1,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIS. RFG Advisory LLC raised its holdings in shares of General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after purchasing an additional 172 shares during the last quarter. TCW Group Inc. increased its stake in General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company's stock valued at $1,471,000 after buying an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its position in General Mills by 3.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after buying an additional 197 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after buying an additional 198 shares during the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of General Mills by 20.0% in the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock valued at $77,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Stock Down 0.7 %

Shares of GIS opened at $55.05 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $30.35 billion, a PE ratio of 11.97, a P/E/G ratio of 1.94 and a beta of 0.05. The firm's 50 day moving average is $58.81 and its 200-day moving average is $61.64. General Mills, Inc. has a 12 month low of $54.50 and a 12 month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the firm earned $1.17 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

GIS has been the subject of several recent research reports. Jefferies Financial Group increased their price target on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Mizuho decreased their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target 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. Finally, Bank of America lowered their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, General Mills currently has a consensus rating of "Hold" and an average target price of $65.00.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.