AJOVista LLC Takes Position in General Mills, Inc. (NYSE:GIS)

AJOVista LLC acquired a new stake in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,642 shares of the company’s stock, valued at approximately $107,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. L.M. Kohn & Company increased its holdings in General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after purchasing an additional 155 shares in the last quarter. Traverso Chambers Private Wealth Management LLC raised its holdings in General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after buying an additional 156 shares during the last quarter. TrueWealth Advisors LLC boosted its position in General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after buying an additional 158 shares during the period. Csenge Advisory Group grew its holdings in General Mills by 1.0% during the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock worth $1,029,000 after acquiring an additional 164 shares during the last quarter. Finally, Lincoln National Corp increased its position in General Mills by 0.5% in the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock valued at $2,293,000 after acquiring an additional 164 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Activity

In related news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Down 1.0 %

Shares of General Mills stock traded down $0.74 during trading hours on Friday, reaching $69.91. The company’s stock had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. The company has a market capitalization of $39.70 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.41 and a beta of 0.15. The stock’s fifty day simple moving average is $68.16 and its two-hundred day simple moving average is $65.84. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. On average, research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. HSBC increased their price target on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Morgan Stanley boosted their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Finally, Barclays upped their target price on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.18.

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.