Jones Financial Companies Lllp lowered its holdings in General Mills, Inc. (NYSE:GIS) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,436 shares of the company’s stock after selling 5,678 shares during the period. Jones Financial Companies Lllp’s holdings in General Mills were worth $2,813,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of GIS. Cable Hill Partners LLC boosted its holdings in General Mills by 274.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the period. Truewealth LLC bought a new stake in shares of General Mills during the 4th quarter worth approximately $119,000. Grove Bank & Trust lifted its holdings in shares of General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after acquiring an additional 1,878 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of General Mills during the 4th quarter worth approximately $131,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after acquiring an additional 1,459 shares during the period. 74.34% of the stock is owned by hedge funds and other institutional investors.
General Mills, Inc. (NYSE GIS) opened at $51.45 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $61.34. The stock has a market cap of $29,277.30, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 2.13 and a beta of 0.72.
General Mills declared that its Board of Directors has initiated a stock buyback plan on Friday, February 23rd that allows the company to repurchase shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.
A number of brokerages have recently weighed in on GIS. Argus reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. BMO Capital Markets reaffirmed a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Susquehanna Bancshares set a $61.00 price target on shares of General Mills and gave the stock a “hold” rating in a report on Friday, January 5th. Piper Jaffray Companies raised shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target for the company in a report on Wednesday, January 3rd. Finally, Credit Suisse Group set a $60.00 price target on shares of General Mills and gave the stock a “hold” rating in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $57.64.
General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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