Signature Wealth Management Group Boosts Holdings in General Mills, Inc. (NYSE:GIS)

Signature Wealth Management Group lifted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,537 shares of the company's stock after buying an additional 4,762 shares during the quarter. Signature Wealth Management Group's holdings in General Mills were worth $3,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GIS. CBIZ Investment Advisory Services LLC purchased a new stake in shares of General Mills in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Mills in the fourth quarter worth about $31,000. Perkins Coie Trust Co lifted its holdings in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after buying an additional 211 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of General Mills in the fourth quarter worth about $32,000. Finally, Transce3nd LLC purchased a new stake in shares of General Mills in the fourth quarter worth about $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Down 0.9%

Shares of General Mills stock traded down $0.46 on Tuesday, hitting $53.07. The stock had a trading volume of 5,867,285 shares, compared to its average volume of 4,557,643. 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, Inc. has a one year low of $52.39 and a one year high of $75.90. The stock has a market cap of $29.25 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.25 and a beta of 0.02. The stock's 50-day simple moving average is $55.33 and its two-hundred day simple moving average is $59.11.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.02% and a return on equity of 26.39%. 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 business earned $1.17 earnings per share. The business's revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GIS. Bank of America decreased their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Piper Sandler decreased their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.06.

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.