Minot DeBlois Advisors LLC Invests $532,000 in General Mills, Inc. (NYSE:GIS)

Minot DeBlois Advisors LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,335 shares of the company's stock, valued at approximately $532,000.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on GIS shares. Citigroup reduced their target price on General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Mizuho reduced their target price on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Morgan Stanley assumed coverage on General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, General Mills presently has a consensus rating of "Hold" and a consensus price target of $64.69.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. The trade was a 3.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.26% of the company's stock.

General Mills Price Performance

Shares of General Mills stock traded up $0.74 during trading on Friday, reaching $55.14. The company's stock had a trading volume of 3,904,014 shares, compared to its average volume of 4,491,332. The stock has a market capitalization of $30.39 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a one year low of $52.93 and a one year high of $75.90. 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 stock has a 50-day moving average price of $57.57 and a two-hundred day moving average price of $60.95.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations 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 business posted $1.17 EPS. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal 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.