Farther Finance Advisors LLC Purchases 8,643 Shares of General Mills, Inc. (NYSE:GIS)

Farther Finance Advisors LLC lifted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 110.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,503 shares of the company's stock after purchasing an additional 8,643 shares during the quarter. Farther Finance Advisors LLC's holdings in General Mills were worth $986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. boosted its stake in General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC grew its stake in shares of General Mills by 3.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. increased its holdings in shares of General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Bogart Wealth LLC increased its holdings in shares of General Mills by 5.2% in the fourth quarter. Bogart Wealth LLC now owns 4,055 shares of the company's stock valued at $259,000 after purchasing an additional 201 shares in the last quarter. Finally, Fairscale Capital LLC raised its position in General Mills by 30.2% in the 4th quarter. Fairscale Capital LLC now owns 871 shares of the company's stock worth $56,000 after purchasing an additional 202 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Stock Performance

Shares of GIS traded down $1.24 on Friday, reaching $53.50. 4,343,666 shares of the company's stock traded hands, compared to its average volume of 4,538,366. The stock's 50 day simple moving average is $55.44 and its two-hundred day simple moving average is $59.39. The stock has a market cap of $29.49 billion, a PE ratio of 11.63, a PEG ratio of 1.94 and a beta of 0.02. General Mills, Inc. has a 52-week low of $52.39 and a 52-week high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping 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 firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company earned $1.17 earnings per share. The company's revenue was down 5.1% on a year-over-year basis. On average, analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America cut their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Finally, Barclays lowered their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $63.44.

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.