Gateway Investment Advisers LLC Has $1.20 Million Stock Holdings in General Mills, Inc. $GIS

Gateway Investment Advisers LLC lifted its stake in General Mills, Inc. (NYSE:GIS) by 128.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,765 shares of the company’s stock after acquiring an additional 14,483 shares during the quarter. Gateway Investment Advisers LLC’s holdings in General Mills were worth $1,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills during the third quarter valued at approximately $25,000. Close Asset Management Ltd acquired a new stake in shares of General Mills in the 3rd quarter valued at approximately $28,000. Activest Wealth Management grew its stake in shares of General Mills by 211.7% in the fourth quarter. Activest Wealth Management now owns 695 shares of the company’s stock valued at $32,000 after buying an additional 472 shares in the last quarter. Binnacle Investments Inc grew its stake in shares of General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its holdings in General Mills by 190.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 737 shares of the company’s stock worth $34,000 after buying an additional 483 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 3.0%

General Mills stock opened at $34.65 on Friday. The company’s 50-day moving average price is $37.97 and its two-hundred day moving average price is $43.48. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The stock has a market cap of $18.49 billion, a P/E ratio of 8.47 and a beta of -0.02. General Mills, Inc. has a twelve month low of $33.58 and a twelve month high of $55.35.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. General Mills’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, analysts expect that General Mills, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GIS shares. Evercore set a $45.00 price target on shares of General Mills in a research note on Wednesday, February 18th. BTIG Research began coverage on shares of General Mills in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Mizuho reduced their price target on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. UBS Group lowered their price target on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein cut their price objective on General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, General Mills has a consensus rating of “Reduce” and an average price target of $43.22.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.