NorthCrest Asset Manangement LLC Buys 5,070 Shares of General Mills, Inc. (NYSE:GIS)

NorthCrest Asset Manangement LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,715 shares of the company's stock after acquiring an additional 5,070 shares during the period. NorthCrest Asset Manangement LLC's holdings in General Mills were worth $13,565,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GIS. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the 4th quarter valued at about $31,000. Transce3nd LLC bought a new stake in shares of General Mills during the 4th quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills in the 4th quarter worth approximately $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of General Mills in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Trading Up 0.4%

Shares of GIS stock traded up $0.20 during trading hours on Friday, reaching $54.19. 8,115,716 shares of the stock traded hands, compared to its average volume of 4,520,667. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $29.87 billion, a PE ratio of 11.78, a PEG ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The business has a fifty day moving average price of $56.35 and a 200 day moving average price of $59.91.

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 the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. 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 business posted $1.17 EPS. The business's revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at $22,967,490. The trade was a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on GIS. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 target price on shares of General Mills in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target 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. Morgan Stanley started coverage on General Mills in a report on Monday, March 24th. They issued an "underweight" rating and a $53.00 price objective for the company. Wells Fargo & Company decreased their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, Barclays lowered their target price on 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, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $64.69.

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.