Measured Risk Portfolios Inc. Acquires New Stake in General Mills, Inc. (NYSE:GIS)

Measured Risk Portfolios Inc. bought a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,253 shares of the company's stock, valued at approximately $1,738,000. General Mills accounts for about 1.8% of Measured Risk Portfolios Inc.'s portfolio, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gladstone Institutional Advisory LLC raised its holdings in General Mills by 6.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock valued at $304,000 after acquiring an additional 268 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in General Mills by 11.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after acquiring an additional 85,612 shares during the period. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 2,926,232 shares during the period. Franklin Resources Inc. raised its holdings in General Mills by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after acquiring an additional 46,536 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in General Mills by 34.5% during the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after acquiring an additional 2,341,137 shares during the period. Institutional investors own 75.71% of the company's stock.

General Mills Stock Performance

General Mills stock opened at $54.86 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average of $58.18 and a 200-day moving average of $61.15. The firm has a market cap of $30.24 billion, a P/E ratio of 11.93, a P/E/G ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 1-year low of $53.82 and a 1-year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business posted $1.17 earnings per share. General Mills's revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

GIS has been the topic of a number of research analyst reports. 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. Barclays reduced their target price on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Piper Sandler reduced their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, General Mills presently has a consensus rating of "Hold" and a consensus price target of $65.00.

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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