Coston McIsaac & Partners raised its position in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,117 shares of the company’s stock after purchasing an additional 16,732 shares during the quarter. Coston McIsaac & Partners’ holdings in General Mills were worth $3,316,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of General Mills during the fourth quarter worth approximately $361,552,000. Wellington Management Group LLP increased its stake in General Mills by 2,970.1% in the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after buying an additional 7,223,487 shares during the period. AQR Capital Management LLC increased its stake in General Mills by 366.1% in the 4th quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after buying an additional 4,019,319 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in General Mills in the 2nd quarter worth approximately $84,862,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of General Mills by 61.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock valued at $192,589,000 after buying an additional 1,573,444 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.
General Mills Stock Performance
Shares of GIS opened at $36.04 on Monday. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 8.81 and a beta of -0.03. The company’s fifty day moving average is $34.12 and its 200-day moving average is $40.09. 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 12 month low of $31.75 and a 12 month high of $54.18.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
Several research firms have recently commented on GIS. Sanford C. Bernstein cut shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 30th. Barclays lowered their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company dropped their target price on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a research report on Monday, May 18th. Finally, BTIG Research started coverage on General Mills in a research note on Monday, April 13th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $39.06.
Get Our Latest Stock Analysis on GIS
About General Mills
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.
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