Focus Partners Wealth Has $44.94 Million Position in General Mills, Inc. (NYSE:GIS)

Focus Partners Wealth lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 75.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 695,277 shares of the company's stock after buying an additional 299,159 shares during the period. Focus Partners Wealth owned about 0.13% of General Mills worth $44,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GIS. Barclays PLC increased its holdings in shares of General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company's stock valued at $120,691,000 after purchasing an additional 19,290 shares during the period. Principal Financial Group Inc. lifted its position in General Mills by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 792,993 shares of the company's stock worth $58,563,000 after buying an additional 27,847 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after buying an additional 2,926,232 shares during the period. Diversified Trust Co grew its holdings in shares of General Mills by 16.0% during the 4th quarter. Diversified Trust Co now owns 4,207 shares of the company's stock valued at $268,000 after acquiring an additional 579 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of General Mills by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 170,724 shares of the company's stock worth $10,887,000 after acquiring an additional 5,257 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

General Mills Stock Performance

NYSE:GIS opened at $54.52 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm's 50-day moving average is $58.30 and its 200-day moving average is $61.29. General Mills, Inc. has a 52-week low of $53.82 and a 52-week high of $75.90. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. Equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GIS shares. Bank of America lowered their target price on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Barclays dropped their price objective on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Mizuho reduced their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. UBS Group initiated coverage on shares of General Mills in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 target price for the company. Finally, Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, General Mills currently has an average rating of "Hold" and an average price target of $65.00.

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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