Confluence Wealth Services Inc. Sells 358 Shares of General Mills, Inc. (NYSE:GIS)

Confluence Wealth Services Inc. lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,847 shares of the company’s stock after selling 358 shares during the period. Confluence Wealth Services Inc.’s holdings in General Mills were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Operose Advisors LLC grew its holdings in shares of General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after purchasing an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in General Mills during the fourth quarter valued at approximately $27,000. Rise Advisors LLC grew its stake in General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after buying an additional 336 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of General Mills during the 4th quarter valued at $28,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on GIS shares. Wells Fargo & Company upped their target price on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Mizuho increased their price objective on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Barclays upped their target price on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley lifted their price target on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.18.

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were 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 directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.24% of the company’s stock.

General Mills Trading Up 0.3 %

Shares of NYSE GIS traded up $0.23 during trading hours on Tuesday, hitting $70.46. The company’s stock had a trading volume of 3,066,438 shares, compared to its average volume of 4,243,899. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The stock has a market cap 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. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The business has a 50-day simple moving average of $67.87 and a 200-day simple moving average of $65.73.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the company earned $0.97 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal 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.