Nicholas Hoffman & Company LLC. Acquires 478 Shares of General Mills, Inc. (NYSE:GIS)

Nicholas Hoffman & Company LLC. grew its holdings in General Mills, Inc. (NYSE:GIS) by 8.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,344 shares of the company’s stock after acquiring an additional 478 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in General Mills were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GIS. Cetera Trust Company N.A bought a new position in General Mills in the 4th quarter valued at about $50,000. Stratos Wealth Advisors LLC raised its stake in General Mills by 1.9% during the third quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $722,000 after acquiring an additional 213 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of General Mills during the 4th quarter valued at approximately $28,000. Sabal Trust CO grew its stake in shares of General Mills by 7,817.6% during the fourth quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock worth $18,902,000 after buying an additional 286,514 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of General Mills by 29.9% in the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock valued at $146,000 after acquiring an additional 515 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Citigroup began coverage on General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective on shares of General Mills in a research note on Monday, April 22nd. Finally, Mizuho raised their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $72.18.

General Mills Trading Up 0.3 %

Shares of NYSE:GIS traded up $0.23 during trading on Tuesday, reaching $70.46. 3,066,438 shares of the company traded hands, compared to its average volume of 4,243,899. The business’s fifty day moving average is $67.87 and its 200-day moving average is $65.73. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.44 and a beta of 0.15.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

About General Mills

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.