Lion Street Advisors LLC Acquires 28,214 Shares of General Mills, Inc. (NYSE:GIS)

Lion Street Advisors LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,077,077 shares of the company's stock after purchasing an additional 28,214 shares during the quarter. General Mills makes up approximately 20.5% of Lion Street Advisors LLC's portfolio, making the stock its biggest position. Lion Street Advisors LLC owned approximately 0.20% of General Mills worth $64,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills in the fourth quarter valued at $31,000. Perkins Coie Trust Co boosted its stake 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 acquiring an additional 211 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of General Mills during the fourth quarter worth about $32,000. Finally, Transce3nd LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $32,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GIS. JPMorgan Chase & Co. dropped their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group lifted their target price on shares of 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 downgraded shares of General Mills from a "buy" rating to a "neutral" rating and reduced their price target for the company from $68.00 to $58.00 in a research report on Monday, June 9th. Finally, Mizuho lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, General Mills presently has a consensus rating of "Hold" and a consensus price target of $63.06.

General Mills Trading Down 0.9%

Shares of General Mills stock opened at $53.07 on Wednesday. The firm has a market cap of $29.25 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02. General Mills, Inc. has a 52-week low of $52.39 and a 52-week high of $75.90. The company's 50-day simple moving average is $55.22 and its 200-day simple moving average is $59.07. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.24.

General Mills (NYSE:GIS - Get Free Report) last announced 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. The company 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%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

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.

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