Investor s Fiduciary Advisor Network LLC Takes Position in General Mills, Inc. (NYSE:GIS)

Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,831 shares of the company's stock, valued at approximately $563,000.

Several other hedge funds also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. bought a new stake in General Mills during the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Mills in the fourth quarter valued at approximately $31,000. VSM Wealth Advisory LLC purchased a new position in General Mills during the 4th quarter worth $32,000. Finally, Transce3nd LLC purchased a new position in General Mills during the 4th quarter worth $32,000. Institutional investors own 75.71% of the company's stock.

General Mills Stock Down 0.3 %

General Mills stock opened at $54.52 on Friday. General Mills, Inc. has a fifty-two week low of $53.82 and a fifty-two week high of $75.90. The company has a market cap of $30.05 billion, a PE ratio of 11.85, a PEG ratio of 1.94 and a beta of 0.05. 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 business's 50-day simple moving average is $58.30 and its two-hundred day simple moving average is $61.29.

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 for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the company earned $1.17 EPS. General Mills's quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus cut their price target 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. Morgan Stanley began coverage on shares of General Mills in a report on Monday, March 24th. They issued an "underweight" rating and a $53.00 price target for the company. JPMorgan Chase & Co. dropped their price objective 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 reduced their price objective 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, Bank of America cut their price target on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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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