General Mills, Inc. (NYSE:GIS) Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,805 shares of the company's stock after buying an additional 7,627 shares during the period. Simplicity Wealth LLC's holdings in General Mills were worth $1,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gladstone Institutional Advisory LLC grew its holdings in General Mills by 6.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock worth $304,000 after acquiring an additional 268 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in General Mills by 11.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after buying an additional 85,612 shares during the period. Franklin Resources Inc. boosted its holdings in shares of General Mills by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after buying an additional 46,536 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after acquiring an additional 2,341,137 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of 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 purchasing an additional 4,839 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America cut their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. UBS Group decreased their price objective on General Mills from $54.00 to $52.00 and set a "sell" rating on the stock in a report on Friday, June 6th. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company lowered their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, Mizuho cut their price target on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $63.44.

General Mills Stock Down 0.1%

GIS stock traded down $0.03 during midday trading on Thursday, hitting $54.20. 1,417,911 shares of the company's stock were exchanged, compared to its average volume of 4,527,660. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average price of $55.52 and a 200-day moving average price of $59.46. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts anticipate that General Mills, Inc. will post 4.36 EPS 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.