General Mills, Inc. (NYSE:GIS) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 852,283 shares of the company’s stock after purchasing an additional 26,664 shares during the quarter. Raymond James & Associates’ holdings in General Mills were worth $59,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GIS. Operose Advisors LLC lifted its position in General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares during the period. MeadowBrook Investment Advisors LLC purchased a new position in shares of General Mills in the fourth quarter worth about $27,000. Rise Advisors LLC lifted its holdings in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares during the period. Capital Advisors Ltd. LLC boosted its position in General Mills by 409.8% in the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in General Mills during the 4th quarter worth approximately $28,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

General Mills Price Performance

GIS stock traded down $0.74 during trading on Friday, hitting $69.91. The stock had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. The company’s 50-day moving average price is $68.16 and its two-hundred day moving average price is $65.84. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The stock has a market capitalization of $39.70 billion, a P/E ratio of 16.03, a PEG ratio of 2.44 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, research analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. HSBC upped their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. upped their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Barclays lifted their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Citigroup began coverage on General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.