West Family Investments Inc. Boosts Holdings in General Mills, Inc. (NYSE:GIS)

West Family Investments Inc. grew its stake in General Mills, Inc. (NYSE:GIS) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,660 shares of the company’s stock after buying an additional 388 shares during the quarter. West Family Investments Inc.’s holdings in General Mills were worth $369,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its stake in shares of General Mills by 37.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 801 shares of the company’s stock worth $51,000 after acquiring an additional 218 shares in the last quarter. Xponance Inc. raised its position in General Mills by 4.2% during the third quarter. Xponance Inc. now owns 72,585 shares of the company’s stock worth $4,645,000 after acquiring an additional 2,928 shares during the period. Mission Wealth Management LP lifted its holdings in General Mills by 5.9% during the third quarter. Mission Wealth Management LP now owns 11,661 shares of the company’s stock valued at $746,000 after purchasing an additional 650 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of General Mills by 3.0% in the third quarter. Stratos Wealth Partners LTD. now owns 21,379 shares of the company’s stock valued at $1,368,000 after purchasing an additional 629 shares during the period. Finally, Stratos Wealth Advisors LLC grew its position in shares of General Mills by 1.9% in the third quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock valued at $722,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

General Mills Trading Up 0.7 %

Shares of NYSE GIS traded up $0.46 during trading on Thursday, reaching $70.45. The stock had a trading volume of 1,000,255 shares, compared to its average volume of 4,195,014. The business’s 50-day moving average price is $67.96 and its 200-day moving average price is $65.76. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. 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 company has a market cap of $40.01 billion, a P/E ratio of 16.05, a PEG ratio of 2.43 and a beta of 0.15.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen raised their price target on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a research note on Thursday, March 21st. Wells Fargo & Company upped their price target on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Mizuho boosted their price objective on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. upped their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, General Mills has a consensus rating of “Hold” and a consensus price target of $72.18.

General Mills Company 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.