Raymond James & Associates Grows Position in General Mills, Inc. (NYSE:GIS)

Raymond James & Associates raised its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 852,283 shares of the company's stock after acquiring an additional 26,664 shares during the period. Raymond James & Associates owned about 0.15% of General Mills worth $59,634,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC lifted its position in shares of General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company's stock worth $26,000 after purchasing an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new position in General Mills in the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the 4th quarter valued at $28,000. Rise Advisors LLC raised its position in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company's stock worth $29,000 after acquiring an additional 273 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of General Mills by 409.8% during the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company's stock valued at $29,000 after acquiring an additional 336 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company's stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HSBC lifted their price objective on General Mills from $74.00 to $76.00 and gave the stock a "hold" rating in a research report on Thursday, March 21st. Barclays increased their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a "buy" rating and set a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. Bank of America increased their price target on General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Finally, Citigroup initiated coverage on General Mills in a research note on Thursday, February 1st. They set a "neutral" rating and a $67.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.18.

General Mills Price Performance

Shares of GIS stock traded down $0.74 during trading on Friday, hitting $69.91. The company had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. The firm has a market capitalization of $39.70 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.44 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The stock's 50-day moving average price is $68.16 and its 200 day moving average price is $65.84. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. Equities analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.