14,929 Shares in General Mills, Inc. $GIS Bought by MQS Management LLC

MQS Management LLC purchased a new position in shares of General Mills, Inc. (NYSE:GISFree Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 14,929 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Retirement Planning Co of New England Inc. raised its stake in General Mills by 4.2% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after acquiring an additional 219 shares in the last quarter. Smith Moore & CO. raised its stake in General Mills by 2.6% during the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock worth $443,000 after acquiring an additional 225 shares in the last quarter. Allegheny Financial Group raised its stake in General Mills by 4.8% during the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after acquiring an additional 226 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after acquiring an additional 226 shares in the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in General Mills by 5.7% during the 3rd quarter. Tempus Wealth Planning LLC now owns 4,297 shares of the company’s stock worth $217,000 after acquiring an additional 231 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 0.7%

Shares of NYSE:GIS opened at $33.71 on Friday. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 8.24 and a beta of -0.02. The firm’s 50-day simple moving average is $35.74 and its 200-day simple moving average is $42.42. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a fifty-two week low of $32.64 and a fifty-two week high of $55.19.

General Mills (NYSE:GISGet Free Report) last issued its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 3.43 earnings per share for the current year.

Insider Activity

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen cut their price target on shares of General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. Bank of America lowered shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Monday, February 23rd. JPMorgan Chase & Co. cut their price target on shares of General Mills from $42.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, March 19th. Zacks Research downgraded shares of General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group lowered their price objective on shares of General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $42.44.

Read Our Latest Research Report on GIS

General Mills Profile

(Free Report)

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

See Also

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISFree Report).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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