DeDora Capital Inc. Lowers Stock Position in General Mills, Inc. (NYSE:GIS)

DeDora Capital Inc. trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,873 shares of the company’s stock after selling 613 shares during the period. DeDora Capital Inc.’s holdings in General Mills were worth $481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GIS. Norges Bank purchased a new position in General Mills during the fourth quarter valued at $377,205,000. Massachusetts Financial Services Co. MA lifted its holdings in General Mills by 106.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock valued at $224,254,000 after purchasing an additional 1,778,345 shares in the last quarter. Nordea Investment Management AB lifted its holdings in General Mills by 48.7% during the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares in the last quarter. American Century Companies Inc. lifted its holdings in General Mills by 257.7% during the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock valued at $67,954,000 after purchasing an additional 765,070 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of General Mills by 165.6% in the fourth quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after buying an additional 654,550 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on GIS. Wells Fargo & Company increased their target price on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Citigroup began coverage on shares of General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price for the company. Morgan Stanley increased their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Bank of America increased their target price 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. Finally, Barclays lifted their target price on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $72.18.

General Mills Trading Down 1.0 %

Shares of General Mills stock traded down $0.74 on Friday, reaching $69.91. The company had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. 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 firm has a market cap of $39.70 billion, a PE ratio of 16.03, a PEG ratio of 2.44 and a beta of 0.15. The firm’s 50 day moving average price is $68.16 and its two-hundred day moving average price is $65.84. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion during 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 business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Sell-side analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Insider Activity at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were 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 directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

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.