Advocate Group LLC cut its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 512,097 shares of the company's stock after selling 11,027 shares during the period. General Mills makes up 5.6% of Advocate Group LLC's portfolio, making the stock its largest holding. Advocate Group LLC owned about 0.09% of General Mills worth $30,618,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC bought a new stake in General Mills in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Mills in the fourth quarter worth approximately $31,000. Perkins Coie Trust Co raised its holdings 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 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 during the 4th quarter worth approximately $32,000. Finally, Transce3nd LLC purchased a new position in General Mills during the 4th quarter valued at $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GIS has been the topic of a number of recent analyst reports. Morgan Stanley started coverage on General Mills in a research note on Monday, March 24th. They issued an "underweight" rating and a $53.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Bank of America dropped their target price on shares of General Mills from $68.00 to $63.00 and set a "buy" rating on the stock in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Finally, Mizuho decreased their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. 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 stock. According to MarketBeat, General Mills currently has an average rating of "Hold" and a consensus price target of $62.75.
Read Our Latest Research Report on General Mills
General Mills Stock Up 0.1%
Shares of NYSE GIS opened at $53.00 on Friday. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90. The stock's fifty day simple moving average is $54.93 and its two-hundred day simple moving average is $58.84. The stock has a market capitalization of $29.21 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24.
General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 26.39% and a net margin of 13.02%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company earned $1.17 earnings per share. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.
General Mills Profile
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Free Report)
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.
See Also
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