Cardinal Capital Management Buys 4,946 Shares of General Mills, Inc. (NYSE:GIS)

Cardinal Capital Management lifted its stake in General Mills, Inc. (NYSE:GIS) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,234 shares of the company’s stock after acquiring an additional 4,946 shares during the period. Cardinal Capital Management’s holdings in General Mills were worth $7,488,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $31,000. Transce3nd LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $32,000. VSM Wealth Advisory LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $32,000. Finally, Perkins Coie Trust Co increased its position in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after buying an additional 211 shares during the period. 75.71% of the stock is owned by institutional investors.

General Mills Trading Down 0.1%

NYSE GIS opened at $53.51 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $29.50 billion, a PE ratio of 11.63, a P/E/G ratio of 1.94 and a beta of 0.02. The stock has a 50-day simple moving average of $55.33 and a 200 day simple moving average of $59.11. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90.

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

Analyst Ratings Changes

Several research analysts have commented on GIS shares. UBS Group dropped their price target on General Mills from $54.00 to $52.00 and set a “sell” rating on the stock in a research report on Friday, June 6th. Barclays dropped their price target on General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Mizuho dropped their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Finally, Piper Sandler dropped their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.06.

General Mills Profile

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.