ST Germain D J Co. Inc. Raises Position in General Mills, Inc. $GIS

Key Points

• ST Germain D J Co. Inc. increased its stake in General Mills by 19.9% during the second quarter, now holding approximately 0.07% of the company, valued at $19.9 million.
• Several analysts have lowered their target prices for General Mills this month, with Mizuho and HSBC setting new targets of $52.00 and $57.00 respectively, while evaluating the stock as either neutral or hold.
• General Mills reported earnings of $0.86 per share, exceeding analysts' estimates, though the company's revenue saw a decline of 6.8% year-over-year.

ST Germain D J Co. Inc. lifted its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,061 shares of the company's stock after buying an additional 63,828 shares during the period. ST Germain D J Co. Inc. owned approximately 0.07% of General Mills worth $19,898,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of General Mills by 2.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 9,007 shares of the company's stock worth $574,000 after acquiring an additional 235 shares during the last quarter. Park Square Financial Group LLC bought a new position in General Mills in the 4th quarter valued at $44,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of General Mills by 31.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 217,729 shares of the company's stock valued at $13,885,000 after acquiring an additional 52,262 shares in the last quarter. Exeter Financial LLC increased its stake in shares of General Mills by 18.9% during the first quarter. Exeter Financial LLC now owns 39,325 shares of the company's stock valued at $2,351,000 after buying an additional 6,243 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in General Mills by 23.2% during the first quarter. AdvisorNet Financial Inc now owns 8,120 shares of the company's stock valued at $485,000 after buying an additional 1,530 shares during the period. Institutional investors own 75.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GIS shares. Mizuho dropped their target price on General Mills from $57.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, September 19th. HSBC reduced their price objective on shares of General Mills from $59.00 to $57.00 and set a "hold" rating for the company in a research report on Thursday, September 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $45.00 price objective (down from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Wall Street Zen raised shares of General Mills from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Zacks Research upgraded General Mills from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, General Mills presently has an average rating of "Hold" and a consensus target price of $55.82.

Insider Activity

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the sale, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

General Mills Stock Down 3.3%

NYSE GIS opened at $49.42 on Friday. The stock has a market cap of $26.36 billion, a PE ratio of 9.34, a PEG ratio of 1.29 and a beta of -0.02. The firm has a 50-day simple moving average of $49.78 and a 200 day simple moving average of $53.47. General Mills, Inc. has a twelve month low of $48.29 and a twelve month high of $74.98. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The business's revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.07 EPS. On average, research analysts forecast 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.

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