Lynch & Associates IN Lowers Stock Holdings in General Mills, Inc. (NYSE:GIS)

Lynch & Associates IN reduced its stake in General Mills, Inc. (NYSE:GIS) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,224 shares of the company’s stock after selling 1,865 shares during the quarter. Lynch & Associates IN’s holdings in General Mills were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its stake in General Mills by 11.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company’s stock valued at $53,211,000 after purchasing an additional 85,612 shares in the last quarter. Franklin Resources Inc. raised its stake in General Mills by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company’s stock valued at $30,900,000 after purchasing an additional 46,536 shares in the last quarter. Ameriprise Financial Inc. raised its stake in 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 in the last quarter. Daiwa Securities Group Inc. raised its stake in General Mills by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock valued at $4,652,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in General Mills by 15.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock valued at $2,749,000 after purchasing an additional 5,853 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GIS. Wells Fargo & Company lowered their target price on shares of General Mills from $61.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Mizuho decreased their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Finally, Jefferies Financial Group lifted their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.06.

General Mills Stock Down 0.1%

Shares of NYSE GIS opened at $53.51 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52 week low of $52.39 and a 52 week high of $75.90. The firm’s fifty day moving average is $55.33 and its 200 day moving average is $59.11. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.94 and a beta of 0.02.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion for 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 firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. On average, equities research analysts expect that General Mills, Inc. will post 4.36 earnings per share 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 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.