Janney Montgomery Scott LLC Lowers Stock Holdings in General Mills, Inc. (NYSE:GIS)

Janney Montgomery Scott LLC lessened its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,109 shares of the company's stock after selling 14,309 shares during the period. Janney Montgomery Scott LLC's holdings in General Mills were worth $13,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Mills in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills during the fourth quarter worth about $31,000. Perkins Coie Trust Co lifted its position in General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares during the period. VSM Wealth Advisory LLC purchased a new stake in General Mills in the 4th quarter valued at approximately $32,000. Finally, Transce3nd LLC acquired a new position in General Mills during the 4th quarter worth approximately $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Price Performance

Shares of GIS stock traded up $0.04 during trading hours on Friday, hitting $53.00. The company's stock had a trading volume of 9,876,246 shares, compared to its average volume of 4,585,528. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average of $54.93 and a 200-day moving average of $58.84. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The stock has a market cap of $29.21 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.25 and a beta of 0.02.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 26.39% and a net margin of 13.02%. General Mills's revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on GIS shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Jefferies Financial Group raised their target price on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 10th. The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Bank of America cut their price target on shares of General Mills from $68.00 to $63.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Morgan Stanley assumed coverage on shares of General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective on the stock. Two 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $62.75.

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.