General Mills, Inc. (NYSE:GIS) Holdings Raised by TrueMark Investments LLC

TrueMark Investments LLC lifted its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 149.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,671 shares of the company's stock after buying an additional 53,110 shares during the period. General Mills makes up approximately 1.4% of TrueMark Investments LLC's holdings, making the stock its 21st largest position. TrueMark Investments LLC's holdings in General Mills were worth $5,302,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in General Mills by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after buying an additional 1,868,508 shares during the period. Geode Capital Management LLC increased its position in shares of General Mills by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company's stock valued at $923,907,000 after buying an additional 136,895 shares in the last quarter. Ameriprise Financial Inc. raised its position in General Mills by 34.5% during the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after acquiring an additional 2,341,137 shares during the last quarter. Northern Trust Corp grew its position in shares of General Mills by 18.4% in the fourth quarter. Northern Trust Corp now owns 8,061,793 shares of the company's stock valued at $514,101,000 after purchasing an additional 1,253,483 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of General Mills during the 4th quarter worth approximately $496,484,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GIS. Bank of America dropped their price target on General Mills from $68.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. The Goldman Sachs Group downgraded shares of General Mills from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Jefferies Financial Group boosted their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Finally, Barclays reduced their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Two 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $62.63.

General Mills Stock Down 0.2%

Shares of GIS traded down $0.09 during trading on Tuesday, reaching $53.38. The company's stock had a trading volume of 6,889,818 shares, compared to its average volume of 4,588,434. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.24. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.26 and a beta of 0.02. The company has a fifty day moving average of $54.73 and a two-hundred day moving average of $58.63.

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.