10,695 Shares in General Mills, Inc. (NYSE:GIS) Bought by Liberty Square Wealth Partners LLC

Liberty Square Wealth Partners LLC acquired a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,695 shares of the company's stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in General Mills by 1.2% during the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company's stock worth $120,691,000 after purchasing an additional 19,290 shares during the period. JPMorgan Chase & Co. grew its holdings in General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. Mutual Advisors LLC increased its position in General Mills by 136.3% during the 4th quarter. Mutual Advisors LLC now owns 27,739 shares of the company's stock valued at $1,641,000 after purchasing an additional 15,998 shares during the period. RFG Advisory LLC raised its holdings in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after purchasing an additional 172 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of General Mills by 5.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,386 shares of the company's stock worth $917,000 after purchasing an additional 706 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Stock Performance

NYSE:GIS traded up $0.32 during midday trading on Friday, reaching $54.31. 1,830,418 shares of the company traded hands, compared to its average volume of 4,504,477. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The firm has a market capitalization of $29.93 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. The company has a fifty day moving average price of $56.42 and a 200 day moving average price of $60.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

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

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This represents a 3.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Stifel Nicolaus decreased their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Mizuho cut their price target on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Barclays reduced their price objective on General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Finally, Piper Sandler reduced their price target on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Two investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.