Castlekeep Investment Advisors LLC Takes $1.19 Million Position in General Mills, Inc. (NYSE:GIS)

Castlekeep Investment Advisors LLC purchased a new position in General Mills, Inc. (NYSE:GIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,703 shares of the company's stock, valued at approximately $1,193,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIS. CBIZ Investment Advisory Services LLC bought a new stake in General Mills in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $31,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills during the fourth quarter worth approximately $32,000. Transce3nd LLC bought a new position in shares of General Mills in the 4th quarter worth $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in General Mills in the 4th quarter valued at $34,000. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GIS. Morgan Stanley assumed coverage on shares of General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Bank of America dropped their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Jefferies Financial Group boosted their price objective on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, UBS Group began coverage on General Mills in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $64.69.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were 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 owns 353,346 shares in the company, valued at $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 is available at the SEC website. Insiders own 0.26% of the company's stock.

General Mills Stock Performance

NYSE:GIS traded up $0.74 during trading on Tuesday, reaching $54.12. The company's stock had a trading volume of 4,687,617 shares, compared to its average volume of 4,538,090. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. The firm has a 50 day moving average of $56.70 and a 200-day moving average of $60.21. 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 (NYSE:GIS - Get Free Report) last posted its quarterly earnings results 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 net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

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.