Courier Capital LLC Has $234,000 Holdings in General Mills, Inc. (NYSE:GIS)

Courier Capital LLC lessened its stake in General Mills, Inc. (NYSE:GIS) by 57.8% in the first quarter, Holdings Channel reports. The firm owned 3,909 shares of the company’s stock after selling 5,362 shares during the quarter. Courier Capital LLC’s holdings in General Mills were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. TCW Group Inc. raised its stake in General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC raised its stake in General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock valued at $356,000 after purchasing an additional 197 shares in the last quarter. Howard Capital Management Inc. raised its stake in General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Bogart Wealth LLC raised its stake in General Mills by 5.2% during the fourth quarter. Bogart Wealth LLC now owns 4,055 shares of the company’s stock worth $259,000 after acquiring an additional 201 shares in the last quarter. Finally, Fairscale Capital LLC raised its stake in General Mills by 30.2% during the fourth quarter. Fairscale Capital LLC now owns 871 shares of the company’s stock worth $56,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GIS shares. Morgan Stanley started coverage on General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 target price for the company. Piper Sandler lowered their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group downgraded General Mills from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $68.00 to $58.00 in a research note on Monday. Jefferies Financial Group boosted their target price on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Finally, Barclays lowered their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $63.44.

General Mills Price Performance

Shares of NYSE:GIS opened at $54.47 on Wednesday. The firm has a market cap of $30.02 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The firm’s fifty day moving average is $55.63 and its 200-day moving average is $59.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 52 week low of $52.39 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.