NavPoint Financial Inc. Makes New Investment in General Mills, Inc. (NYSE:GIS)

NavPoint Financial Inc. bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, Holdings Channel reports. The firm bought 8,145 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its position in shares of General Mills by 3.0% during the third quarter. Stratos Wealth Partners LTD. now owns 21,379 shares of the company’s stock worth $1,368,000 after purchasing an additional 629 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of General Mills by 1.9% during the third quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $722,000 after purchasing an additional 213 shares in the last quarter. Bailard Inc. lifted its position in General Mills by 2.5% in the 3rd quarter. Bailard Inc. now owns 8,512 shares of the company’s stock valued at $545,000 after acquiring an additional 205 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in General Mills by 1.2% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 283,013 shares of the company’s stock valued at $18,110,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Strategic Investment Advisors MI lifted its position in General Mills by 6.1% in the 3rd quarter. Strategic Investment Advisors MI now owns 12,959 shares of the company’s stock valued at $829,000 after acquiring an additional 744 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

General Mills stock traded down $0.74 during trading hours on Friday, hitting $69.91. The company had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. 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 company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The firm has a 50-day moving average of $68.16 and a 200 day moving average of $65.84.

General Mills (NYSE:GIS) last released 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 firm 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 business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. HSBC boosted their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Mizuho boosted their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.18.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

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.