Cardinal Capital Management Has $7.49 Million Position in General Mills, Inc. (NYSE:GIS)

Cardinal Capital Management boosted its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,234 shares of the company's stock after buying an additional 4,946 shares during the quarter. Cardinal Capital Management's holdings in General Mills were worth $7,488,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GIS. CBIZ Investment Advisory Services LLC bought a new stake in General Mills during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills in the fourth quarter valued at about $31,000. Perkins Coie Trust Co lifted its stake in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $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 fourth quarter valued at about $32,000. Finally, Transce3nd LLC bought a new stake in shares of General Mills in the fourth quarter valued at about $32,000. 75.71% of the stock is currently owned by institutional investors.

General Mills Price Performance

Shares of NYSE GIS traded down $0.17 during mid-day trading on Wednesday, hitting $52.91. 6,745,845 shares of the stock were exchanged, compared to its average volume of 4,565,977. The company has a market cap of $29.17 billion, a P/E ratio of 11.63, a PEG ratio of 1.24 and a beta of 0.02. The stock's fifty day simple moving average is $55.22 and its two-hundred day simple moving average is $59.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.44 and a current ratio of 0.67. General Mills, Inc. has a twelve month low of $52.39 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The company's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. As a group, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GIS shares. Bank of America reduced their target price on shares of General Mills from $68.00 to $63.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Morgan Stanley initiated coverage on shares of General Mills in a research note on Monday, March 24th. They set an "underweight" rating and a $53.00 price target for the company. Barclays cut their price target on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Finally, UBS Group cut their price target on shares of General Mills from $54.00 to $52.00 and set a "sell" rating for the company in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $62.75.

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.