ARS Wealth Advisors Group LLC Has $245,000 Position in General Mills, Inc. (NYSE:GIS)

ARS Wealth Advisors Group LLC reduced its stake in General Mills, Inc. (NYSE:GIS) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,099 shares of the company’s stock after selling 188 shares during the period. ARS Wealth Advisors Group LLC’s holdings in General Mills were worth $245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GIS. Norges Bank acquired a new position in shares of General Mills in the fourth quarter valued at $496,484,000. JPMorgan Chase & Co. increased its holdings in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after purchasing an additional 2,341,137 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of General Mills by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company’s stock valued at $4,376,573,000 after purchasing an additional 1,868,508 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of General Mills by 115.2% in the fourth quarter. LSV Asset Management now owns 2,817,780 shares of the company’s stock valued at $179,690,000 after purchasing an additional 1,508,680 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 0.4%

GIS opened at $54.76 on Friday. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The company has a 50-day simple moving average of $55.85 and a 200 day simple moving average of $59.63. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $30.19 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.94 and a beta of 0.02.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. Analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GIS shares. Wells Fargo & Company decreased their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Morgan Stanley started coverage on shares of General Mills in a research note on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target on the stock. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. decreased their price target on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group upped their price target on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.56.

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 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.