St. Clair Advisors LLC Invests $892,000 in General Mills, Inc. (NYSE:GIS)

St. Clair Advisors LLC bought a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,986 shares of the company's stock, valued at approximately $892,000.

Other large investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in General Mills in the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $32,000. Finally, Transce3nd LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Bank of America reduced their price target 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. Mizuho reduced their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday, March 24th. They set an "underweight" rating and a $53.00 price target on the stock. Citigroup reduced their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, General Mills currently has an average rating of "Hold" and an average target price of $64.69.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

General Mills Stock Up 0.1%

NYSE:GIS traded up $0.07 during mid-day trading on Friday, hitting $53.41. The stock had a trading volume of 3,804,514 shares, compared to its average volume of 4,532,123. The stock has a 50-day simple moving average of $56.81 and a two-hundred day simple moving average of $60.37. The company has a market capitalization of $29.44 billion, a PE ratio of 11.61, a PEG ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly 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. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

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.