20,217 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,217 shares of the company's stock, valued at approximately $1,317,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Trust Company N.A purchased a new stake in shares of General Mills during the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills during the 4th quarter worth about $28,000. Apollon Wealth Management LLC boosted its stake in shares of General Mills by 122.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company's stock worth $1,542,000 after purchasing an additional 13,043 shares during the last quarter. Sabal Trust CO boosted its stake in shares of General Mills by 7,817.6% during the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company's stock worth $18,902,000 after purchasing an additional 286,514 shares during the last quarter. Finally, Welch Group LLC boosted its stake in shares of General Mills by 2.8% during the 4th quarter. Welch Group LLC now owns 615,389 shares of the company's stock worth $40,086,000 after purchasing an additional 16,883 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GIS. Bank of America boosted their price target on shares of General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday, March 21st. Morgan Stanley upped their price objective on shares of General Mills from $58.00 to $61.00 and gave the stock an "underweight" rating in a report on Thursday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, General Mills currently has a consensus rating of "Hold" and an average price target of $72.18.

General Mills Price Performance

Shares of GIS stock traded up $0.44 during trading hours on Friday, hitting $70.70. 2,398,731 shares of the company's stock were exchanged, compared to its average volume of 3,517,274. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The stock has a market cap of $40.15 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.42 and a beta of 0.15. The stock's 50-day moving average is $68.72 and its 200-day moving average is $66.08.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. General Mills's revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

Insider Buying and Selling

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by corporate insiders.

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

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