General Mills, Inc. $GIS Stock Position Lifted by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its stake in General Mills, Inc. (NYSE:GIS) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,843 shares of the company’s stock after buying an additional 32,893 shares during the quarter. Valley Wealth Managers Inc.’s holdings in General Mills were worth $4,224,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GIS. Worldquant Millennium Advisors LLC purchased a new position in shares of General Mills during the 2nd quarter valued at $84,862,000. Two Sigma Investments LP increased its stake in shares of General Mills by 82.8% in the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock worth $172,226,000 after acquiring an additional 1,546,993 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock worth $384,625,000 after acquiring an additional 1,383,913 shares in the last quarter. Nordea Investment Management AB boosted its position in General Mills by 15.9% during the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after purchasing an additional 1,368,041 shares during the last quarter. Finally, Invesco Ltd. boosted its position in General Mills by 13.0% during the third quarter. Invesco Ltd. now owns 7,664,990 shares of the company’s stock valued at $386,469,000 after purchasing an additional 883,150 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of several research reports. The Goldman Sachs Group dropped their target price on General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Royal Bank Of Canada reduced their price target on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. TD Cowen lowered their price target on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. UBS Group dropped their price objective on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, March 19th. Finally, Sanford C. Bernstein cut their price objective on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $42.83.

General Mills Price Performance

NYSE GIS opened at $33.84 on Tuesday. General Mills, Inc. has a fifty-two week low of $33.37 and a fifty-two week high of $55.35. The stock’s 50-day moving average is $37.56 and its two-hundred day moving average is $43.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The firm has a market cap of $18.06 billion, a P/E ratio of 8.27 and a beta of -0.02.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. On average, analysts anticipate that General Mills, Inc. will post 3.44 earnings per share for the current fiscal year.

General Mills Company 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.