Choreo LLC Acquires 4,334 Shares of General Mills, Inc. (NYSE:GIS)

Choreo LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 58.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,738 shares of the company’s stock after acquiring an additional 4,334 shares during the period. Choreo LLC’s holdings in General Mills were worth $765,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GIS. Intellectus Partners LLC increased its holdings in General Mills by 1.7% in the fourth quarter. Intellectus Partners LLC now owns 16,525 shares of the company’s stock valued at $1,076,000 after purchasing an additional 273 shares during the last quarter. Paradigm Financial Partners LLC increased its stake in shares of General Mills by 3.1% in the 4th quarter. Paradigm Financial Partners LLC now owns 14,331 shares of the company’s stock valued at $934,000 after acquiring an additional 425 shares during the last quarter. Valmark Advisers Inc. raised its position in shares of General Mills by 106.5% in the 4th quarter. Valmark Advisers Inc. now owns 6,712 shares of the company’s stock valued at $437,000 after acquiring an additional 3,462 shares during the period. Headlands Technologies LLC bought a new position in General Mills during the 4th quarter worth approximately $422,000. Finally, Kovack Advisors Inc. grew its holdings in General Mills by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 16,505 shares of the company’s stock valued at $1,075,000 after purchasing an additional 749 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Barclays lifted their target price on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Morgan Stanley boosted their target price on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. TD Cowen raised their price target on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Finally, Wells Fargo & Company boosted their price objective 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. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.18.

General Mills Price Performance

Shares of GIS opened at $69.99 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The stock has a market capitalization of $39.75 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.43 and a beta of 0.15. The company has a 50 day moving average of $67.96 and a 200-day moving average of $65.76.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating 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 business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of 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 is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

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.