Figure 8 Investment Strategies LLC Reduces Stake in General Mills, Inc. (NYSE:GIS)

Figure 8 Investment Strategies LLC lowered its holdings in General Mills, Inc. (NYSE:GIS) by 13.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,104 shares of the company’s stock after selling 3,885 shares during the quarter. General Mills comprises 1.5% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 26th biggest holding. Figure 8 Investment Strategies LLC’s holdings in General Mills were worth $1,441,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of General Mills by 11.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company’s stock valued at $53,211,000 after acquiring an additional 85,612 shares during the last quarter. Franklin Resources Inc. grew its stake in General Mills by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company’s stock worth $30,900,000 after buying an additional 46,536 shares during the last quarter. Ameriprise Financial Inc. grew its stake in General Mills by 34.5% during the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock worth $581,903,000 after buying an additional 2,341,137 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in General Mills by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock worth $4,652,000 after buying an additional 4,839 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in General Mills by 15.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock worth $2,749,000 after buying an additional 5,853 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.1%

Shares of NYSE:GIS opened at $53.00 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.24. General Mills, Inc. has a 52-week low of $52.39 and a 52-week high of $75.90. The stock’s fifty day simple moving average is $54.93 and its 200-day simple moving average is $58.75. The company has a market capitalization of $29.21 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.25 and a beta of 0.02.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GIS shares. Morgan Stanley started coverage on General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Mizuho decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Jefferies Financial Group raised their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.75.

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.