Wealthcare Advisory Partners LLC Decreases Holdings in General Mills, Inc. (NYSE:GIS)

Wealthcare Advisory Partners LLC lowered its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 41.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,113 shares of the company's stock after selling 5,111 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in General Mills were worth $425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signet Financial Management LLC increased its position in General Mills by 84.9% in the 1st quarter. Signet Financial Management LLC now owns 17,091 shares of the company's stock valued at $1,022,000 after acquiring an additional 7,848 shares during the period. Harbor Capital Advisors Inc. raised its position in General Mills by 12.2% in the first quarter. Harbor Capital Advisors Inc. now owns 9,832 shares of the company's stock worth $588,000 after acquiring an additional 1,068 shares during the period. Yousif Capital Management LLC raised its position in General Mills by 3.4% in the first quarter. Yousif Capital Management LLC now owns 97,690 shares of the company's stock worth $5,841,000 after acquiring an additional 3,200 shares during the period. Farther Finance Advisors LLC raised its position in General Mills by 110.0% in the first quarter. Farther Finance Advisors LLC now owns 16,503 shares of the company's stock worth $986,000 after acquiring an additional 8,643 shares during the period. Finally, Portside Wealth Group LLC raised its position in shares of General Mills by 13.7% in the first quarter. Portside Wealth Group LLC now owns 13,198 shares of the company's stock valued at $789,000 after purchasing an additional 1,593 shares during the period. Institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GIS. Wells Fargo & Company cut their price objective on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Jefferies Financial Group increased their target price on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Stifel Nicolaus dropped their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley initiated coverage on General Mills in a research report on Monday, March 24th. They set an "underweight" rating and a $53.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, General Mills currently has a consensus rating of "Hold" and a consensus target price of $63.44.

General Mills Price Performance

Shares of GIS traded down $1.24 during trading hours on Friday, reaching $53.50. 4,343,666 shares of the stock traded hands, compared to its average volume of 4,548,540. 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, Inc. has a 52-week low of $52.39 and a 52-week high of $75.90. The company's 50-day moving average price is $55.38 and its two-hundred day moving average price is $59.25. 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.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the company earned $1.17 EPS. General Mills's revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

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.