Boston Trust Walden Corp Purchases 12,068 Shares of General Mills, Inc. (NYSE:GIS)

Boston Trust Walden Corp lifted its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 12.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,980 shares of the company's stock after buying an additional 12,068 shares during the period. Boston Trust Walden Corp's holdings in General Mills were worth $6,755,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC lifted its holdings in shares of General Mills by 151.9% in the 1st quarter. PSI Advisors LLC now owns 3,600 shares of the company's stock worth $215,000 after acquiring an additional 2,171 shares during the last quarter. Aspiriant LLC purchased a new position in General Mills in the 1st quarter worth $257,000. State of Alaska Department of Revenue raised its position in General Mills by 2.0% in the 1st quarter. State of Alaska Department of Revenue now owns 64,554 shares of the company's stock worth $3,859,000 after purchasing an additional 1,260 shares during the period. Lion Street Advisors LLC lifted its stake in General Mills by 2.7% in the first quarter. Lion Street Advisors LLC now owns 1,077,077 shares of the company's stock worth $64,398,000 after purchasing an additional 28,214 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in General Mills by 10.4% in the first quarter. Cornerstone Wealth Management LLC now owns 21,253 shares of the company's stock worth $1,271,000 after purchasing an additional 1,995 shares during the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Stock Up 0.1%

Shares of NYSE GIS opened at $53.00 on Friday. The firm has a fifty day simple moving average of $54.93 and a two-hundred day simple moving average of $58.84. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $29.21 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02.

General Mills (NYSE:GIS - Get Free Report) last announced 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. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. General Mills's quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on GIS shares. Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Bank of America dropped their target price on General Mills from $68.00 to $63.00 and set a "buy" rating for the company in a report on Wednesday. The Goldman Sachs Group cut General Mills from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Jefferies Financial Group increased their price objective on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Finally, UBS Group cut their target price on shares of General Mills from $54.00 to $52.00 and set a "sell" rating on the stock in a report on Friday, June 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, General Mills presently has an average rating of "Hold" and a consensus target price of $62.75.

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.

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