HBW Advisory Services LLC Boosts Stake in General Mills, Inc. (NYSE:GIS)

HBW Advisory Services LLC boosted its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 23.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,412 shares of the company's stock after purchasing an additional 8,288 shares during the quarter. HBW Advisory Services LLC's holdings in General Mills were worth $2,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC bought a new position in shares of General Mills in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills in the fourth quarter worth $31,000. Transce3nd LLC purchased a new position in General Mills in the 4th quarter worth $32,000. VSM Wealth Advisory LLC purchased a new stake in General Mills during the 4th quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of General Mills in the fourth quarter valued at about $34,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the 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 transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company's stock.

General Mills Trading Down 0.2%

GIS traded down $0.13 during mid-day trading on Thursday, hitting $54.48. 3,707,823 shares of the stock were exchanged, compared to its average volume of 4,518,376. The firm's fifty day moving average is $56.05 and its two-hundred day moving average is $59.78. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The company has a market cap of $30.03 billion, a PE ratio of 11.84, a PEG ratio of 1.94 and a beta of 0.05. 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 (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. Equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on GIS. Piper Sandler reduced their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company reduced their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Mizuho dropped 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 analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, General Mills presently has an average rating of "Hold" and an average target price of $64.69.

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.