General Mills, Inc. (NYSE:GIS) Holdings Decreased by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. lessened its stake in General Mills, Inc. (NYSE:GIS) by 11.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,690 shares of the company’s stock after selling 1,600 shares during the period. Valley Brook Capital Group Inc.’s holdings in General Mills were worth $827,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GIS. Cetera Trust Company N.A acquired a new position in shares of General Mills in the 4th quarter worth $50,000. Bruce G. Allen Investments LLC purchased a new stake in shares of General Mills in the fourth quarter valued at $28,000. Sabal Trust CO boosted its position in shares of General Mills by 7,817.6% in the fourth quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock worth $18,902,000 after buying an additional 286,514 shares during the period. Welch Group LLC grew its holdings in shares of General Mills by 2.8% during the fourth quarter. Welch Group LLC now owns 615,389 shares of the company’s stock valued at $40,086,000 after buying an additional 16,883 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in General Mills by 29.9% in the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock worth $146,000 after acquiring an additional 515 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GIS. HSBC upped their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. increased their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Wells Fargo & Company upped their target price on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research note on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 target price on shares of General Mills in a research note on Monday, April 22nd. Two investment 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. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $72.18.

General Mills Stock Performance

NYSE:GIS traded down $0.74 during mid-day trading on Friday, hitting $69.91. 3,444,229 shares of the company’s stock traded hands, compared to its average volume of 3,869,986. The firm has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15. The firm has a 50 day moving average of $68.16 and a two-hundred day moving average of $65.88. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 12 month low of $60.33 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. General Mills’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. On average, equities analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly 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 hyperlink. 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.