NBC Securities Inc. Raises Position in General Mills, Inc. (NYSE:GIS)

NBC Securities Inc. increased its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 103,955.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,811 shares of the company's stock after buying an additional 20,791 shares during the quarter. NBC Securities Inc.'s holdings in General Mills were worth $1,244,000 as of its most recent SEC filing.

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

General Mills Stock Up 0.4%

NYSE GIS traded up $0.21 during midday trading on Friday, hitting $54.76. 2,929,888 shares of the company traded hands, compared to its average volume of 4,523,776. 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 $55.85 and its 200-day simple moving average is $59.66. The company has a market cap of $30.19 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. 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 issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share 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 during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the prior year, the business posted $1.17 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GIS shares. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Barclays lowered their target price on shares of 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. UBS Group reduced their price target on shares of General Mills from $54.00 to $52.00 and set a "sell" rating on the stock in a research note on Friday. Morgan Stanley initiated coverage on shares of General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Finally, Mizuho dropped their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $64.56.

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.