Littlejohn Financial Services Inc. Invests $2.21 Million in General Mills, Inc. (NYSE:GIS)

Littlejohn Financial Services Inc. bought a new stake in General Mills, Inc. (NYSE:GIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,925 shares of the company's stock, valued at approximately $2,208,000. General Mills accounts for about 1.7% of Littlejohn Financial Services Inc.'s investment portfolio, making the stock its 20th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of General Mills by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after purchasing an additional 1,868,508 shares in the last quarter. Geode Capital Management LLC raised its position in shares of General Mills by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company's stock valued at $923,907,000 after acquiring an additional 136,895 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in General Mills by 34.5% during the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after purchasing an additional 2,341,137 shares during the last quarter. Northern Trust Corp lifted its stake in General Mills by 18.4% during the fourth quarter. Northern Trust Corp now owns 8,061,793 shares of the company's stock worth $514,101,000 after purchasing an additional 1,253,483 shares during the last quarter. Finally, Norges Bank acquired a new position in General Mills in the fourth quarter worth $496,484,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GIS shares. Jefferies Financial Group raised their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Wells Fargo & Company cut their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Bank of America lowered their target price on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a report on Thursday, March 20th. 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. Finally, Piper Sandler reduced their price objective 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $64.56.

General Mills Stock Performance

Shares of GIS traded up $0.21 during trading hours on Friday, reaching $54.76. 2,929,888 shares of the company's stock traded hands, compared to its average volume of 4,523,776. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The business's fifty day simple moving average is $55.95 and its two-hundred day simple moving average is $59.72. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market capitalization of $30.19 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.94 and a beta of 0.02.

General Mills (NYSE:GIS - Get Free Report) last released its 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. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the company earned $1.17 EPS. General Mills's quarterly revenue was down 5.1% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

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.