First Western Trust Bank cut its position in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,740 shares of the company’s stock after selling 237 shares during the quarter. First Western Trust Bank’s holdings in General Mills were worth $309,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of GIS. Operose Advisors LLC grew its stake in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in General Mills during the 4th quarter worth $27,000. Bruce G. Allen Investments LLC acquired a new stake in General Mills in the 4th quarter valued at $28,000. Authentikos Wealth Advisory LLC purchased a new position in General Mills in the third quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of General Mills during the third quarter worth about $32,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
General Mills Stock Performance
Shares of NYSE:GIS traded up $0.72 during trading hours on Thursday, hitting $70.25. The stock had a trading volume of 2,397,352 shares, compared to its average volume of 4,145,590. 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 stock’s fifty day simple moving average is $68.46 and its 200 day simple moving average is $66.00. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.41 and a beta of 0.15. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89.
Wall Street Analysts Forecast Growth
GIS has been the subject of a number of recent research reports. Citigroup started coverage on General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. HSBC upped their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price target on shares of General Mills in a research note on Monday, April 22nd. Finally, Wells Fargo & Company raised their target price on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $72.18.
View Our Latest Analysis on GIS
Insider Activity at General Mills
In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.
About General Mills
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.
Further Reading
- Five stocks we like better than General Mills
- Investing in Commodities: What Are They? How to Invest in Them
- Roblox: The Bottom Just Fell Out of the Metaverse
- There Are Different Types of Stock To Invest In
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Business Services Stocks Investing
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.