PSI Advisors LLC Buys 2,171 Shares of General Mills, Inc. (NYSE:GIS)

PSI Advisors LLC grew its position in shares of General Mills, Inc. (NYSE:GIS) by 151.9% in the 1st quarter, Holdings Channel reports. The firm owned 3,600 shares of the company’s stock after acquiring an additional 2,171 shares during the quarter. PSI Advisors LLC’s holdings in General Mills were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GIS. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Mills during the 4th quarter worth about $31,000. Perkins Coie Trust Co raised its position in shares of 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 acquiring an additional 211 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of General Mills in the 4th quarter valued at about $32,000. Finally, Transce3nd LLC acquired a new position in shares of General Mills in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GIS shares. UBS Group decreased their target price on General Mills from $54.00 to $52.00 and set a “sell” rating for the company in a research note on Friday, June 6th. Wells Fargo & Company reduced their price objective on shares of General Mills from $61.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday. Jefferies Financial Group lifted their price objective 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. Barclays dropped 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 report on Tuesday, March 18th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $63.06.

General Mills Stock Performance

GIS opened at $53.07 on Wednesday. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The company has a market cap of $29.25 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.25 and a beta of 0.02. The company’s fifty day moving average price is $55.22 and its two-hundred day moving average price is $59.07. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Company 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.