Retirement Guys Formula LLC increased its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,244 shares of the company's stock after buying an additional 5,463 shares during the period. Retirement Guys Formula LLC's holdings in General Mills were worth $1,033,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in GIS. O Shaughnessy Asset Management LLC increased its position in General Mills by 11.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after purchasing an additional 85,612 shares during the period. Franklin Resources Inc. boosted its stake in shares of General Mills by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after purchasing an additional 46,536 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in General Mills by 34.5% during the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after buying an additional 2,341,137 shares during the period. Daiwa Securities Group Inc. increased its holdings in General Mills by 7.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock valued at $4,652,000 after buying an additional 4,839 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in General Mills by 15.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock worth $2,749,000 after buying an additional 5,853 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.
General Mills Stock Up 1.0%
Shares of GIS stock opened at $53.50 on Tuesday. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90. The firm has a market capitalization of $29.49 billion, a PE ratio of 11.76, a P/E/G ratio of 1.25 and a beta of 0.02. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.44 and a current ratio of 0.67. The stock's 50-day simple moving average is $54.82 and its 200-day simple moving average is $58.67.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GIS. Jefferies Financial Group lifted their price target on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 10th. Barclays cut their target price on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Mizuho lowered their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Citigroup reduced their price objective on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, General Mills has a consensus rating of "Hold" and a consensus price target of $62.75.
Get Our Latest Stock Analysis on GIS
About General Mills
(
Free Report)
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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