General Mills, Inc. (NYSE:GIS) Shares Bought by Cardinal Capital Management

Cardinal Capital Management grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,234 shares of the company’s stock after purchasing an additional 4,946 shares during the period. Cardinal Capital Management’s holdings in General Mills were worth $7,488,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its stake in General Mills by 11.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company’s stock valued at $53,211,000 after buying an additional 85,612 shares in the last quarter. Franklin Resources Inc. boosted its stake in General Mills by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company’s stock valued at $30,900,000 after buying an additional 46,536 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in General Mills by 34.5% during the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after buying an additional 2,341,137 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in General Mills by 7.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock valued at $4,652,000 after buying an additional 4,839 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in General Mills by 15.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock valued at $2,749,000 after buying an additional 5,853 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Down 0.1%

GIS opened at $53.51 on Tuesday. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90. The business has a 50-day moving average of $55.33 and a 200-day moving average of $59.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market capitalization of $29.50 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the business earned $1.17 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley assumed 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. JPMorgan Chase & Co. decreased their target price on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company decreased their price target on General Mills from $61.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group decreased their price target on General Mills from $54.00 to $52.00 and set a “sell” rating for the company in a research report on Friday, June 6th. Finally, Jefferies Financial Group increased their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.06.

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.