State of Wyoming Grows Stake in General Mills, Inc. (NYSE:GIS)

State of Wyoming lifted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 1,517.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,247 shares of the company's stock after purchasing an additional 6,799 shares during the quarter. State of Wyoming's holdings in General Mills were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GIS. RFG Advisory LLC increased its stake in General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock worth $425,000 after acquiring an additional 172 shares during the last quarter. TCW Group Inc. grew its holdings in shares of General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC increased its position in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. raised its stake in General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its position in General Mills by 20.0% during the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock valued at $77,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Analyst Ratings Changes

GIS has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Bank of America dropped their price target 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. Barclays reduced their price objective on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $64.69.

Insider Transactions at General Mills

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

General Mills Stock Performance

NYSE:GIS opened at $54.80 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $75.90. The firm has a market cap of $30.21 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. The business has a 50 day moving average price of $57.33 and a 200-day moving average price of $60.66.

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 for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 EPS. Equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share 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.

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