Exeter Financial LLC Boosts Stock Position in General Mills, Inc. (NYSE:GIS)

Exeter Financial LLC lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,325 shares of the company's stock after acquiring an additional 6,243 shares during the period. Exeter Financial LLC's holdings in General Mills were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

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

General Mills Stock Performance

Shares of NYSE GIS traded down $0.16 during midday trading on Monday, reaching $54.10. The company's stock had a trading volume of 2,343,436 shares, compared to its average volume of 4,512,573. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90. The firm has a 50 day moving average price of $56.35 and a 200-day moving average price of $59.91. The stock has a market capitalization of $29.82 billion, a P/E ratio of 11.76, a PEG ratio of 1.94 and a beta of 0.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping 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 firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company's revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analysts Set New Price Targets

GIS has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Citigroup decreased their target price on General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. UBS Group initiated coverage on General Mills in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 target price for the company. Finally, Piper Sandler decreased their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, General Mills presently has a consensus rating of "Hold" and an average price target of $64.69.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This 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 accessible through this link. Company insiders own 0.26% of the company's stock.

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.