Alpha Omega Wealth Management LLC Purchases 657 Shares of General Mills, Inc. (NYSE:GIS)

Alpha Omega Wealth Management LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 18.5% in the 1st quarter, Holdings Channel reports. The fund owned 4,205 shares of the company’s stock after buying an additional 657 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in General Mills were worth $251,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GIS. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills in the 4th quarter worth about $31,000. Perkins Coie Trust Co boosted its stake in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares during the period. VSM Wealth Advisory LLC bought a new position in General Mills in the 4th quarter worth about $32,000. Finally, Transce3nd LLC purchased a new stake in shares of General Mills in the 4th quarter valued at about $32,000. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 0.6%

NYSE GIS opened at $54.18 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The firm has a market capitalization of $29.87 billion, a PE ratio of 11.78, a P/E/G ratio of 1.94 and a beta of 0.02. The stock’s 50 day moving average is $55.52 and its 200 day moving average is $59.46.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share 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 company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GIS. Jefferies Financial Group raised their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Morgan Stanley began coverage on General Mills in a report on Monday, March 24th. They set an “underweight” rating and a $53.00 price objective on the stock. Bank of America decreased their price objective on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.44.

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.