Rockland Trust Co. Buys 31,770 Shares of General Mills, Inc. (NYSE:GIS)

Rockland Trust Co. grew its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,182 shares of the company's stock after purchasing an additional 31,770 shares during the quarter. Rockland Trust Co.'s holdings in General Mills were worth $11,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC bought a new stake in General Mills in the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills during the 4th quarter worth approximately $31,000. Perkins Coie Trust Co grew its position in shares of General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after buying an additional 211 shares during the period. VSM Wealth Advisory LLC bought a new stake in shares of General Mills in the 4th quarter valued at $32,000. Finally, Transce3nd LLC acquired a new position in shares of General Mills during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. The Goldman Sachs Group downgraded General Mills from a "buy" rating to a "neutral" rating and reduced their target price for the company from $68.00 to $58.00 in a research note on Monday. Stifel Nicolaus dropped their price target on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. UBS Group cut their price target on General Mills from $54.00 to $52.00 and set a "sell" rating on the stock in a report on Friday, June 6th. Finally, Morgan Stanley started coverage on General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.44.

General Mills Stock Performance

NYSE GIS traded down $1.24 during trading hours on Friday, hitting $53.50. The company's stock had a trading volume of 4,343,666 shares, compared to its average volume of 4,541,960. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market cap of $29.49 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The company's 50 day simple moving average is $55.44 and its two-hundred day simple moving average is $59.39. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90.

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

About General Mills

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.