Dynamic Advisor Solutions LLC Sells 68,252 Shares of General Mills, Inc. (NYSE:GIS)

Dynamic Advisor Solutions LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 95.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,402 shares of the company's stock after selling 68,252 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in General Mills were worth $203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GIS. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills during the fourth quarter worth $31,000. Perkins Coie Trust Co boosted its stake in General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after acquiring an additional 211 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in General Mills during the fourth quarter worth $32,000. Finally, Transce3nd LLC bought a new position in General Mills during the fourth quarter worth $32,000. 75.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GIS shares. The Goldman Sachs Group lowered shares of General Mills from a "buy" rating to a "neutral" rating and cut their target price for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Jefferies Financial Group raised their price objective on shares of General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Finally, Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, General Mills currently has a consensus rating of "Hold" and an average price target of $62.75.

General Mills Stock Performance

Shares of GIS stock opened at $53.00 on Friday. The firm has a 50-day moving average of $54.93 and a 200-day moving average of $58.84. The company has a market cap of $29.21 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.25 and a beta of 0.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.67 and a quick ratio of 0.44. General Mills, Inc. has a one year low of $52.39 and a one year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

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 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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