Vectors Research Management LLC Trims Stake in General Mills, Inc. (NYSE:GIS)

Vectors Research Management LLC decreased its stake in shares of General Mills, Inc. (NYSE:GIS) by 47.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,385 shares of the company’s stock after selling 3,893 shares during the quarter. Vectors Research Management LLC’s holdings in General Mills were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GIS. CBIZ Investment Advisory Services LLC purchased a new stake in General Mills during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $31,000. Transce3nd LLC purchased a new position in shares of General Mills during the fourth quarter valued at approximately $32,000. VSM Wealth Advisory LLC acquired a new stake in General Mills during the fourth quarter worth approximately $32,000. Finally, Perkins Coie Trust Co boosted its position in General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. UBS Group decreased their target price on shares of General Mills from $54.00 to $52.00 and set a “sell” rating on the stock in a research report on Friday, June 6th. Bank of America lowered their target price on shares of General Mills from $68.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, June 18th. Wells Fargo & Company cut their price target on shares of General Mills from $61.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, June 16th. Finally, Mizuho lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus price target of $62.75.

General Mills Stock Performance

General Mills stock opened at $53.50 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.67 and a quick ratio of 0.44. The firm’s fifty day moving average price is $54.82 and its 200 day moving average price is $58.67. The company has a market capitalization of $29.49 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90.

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.