Captrust Financial Advisors bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 56,515 shares of the company’s stock, valued at approximately $3,351,000.
Several other large investors have also recently modified their holdings of the company. American International Group Inc. lifted its position in General Mills by 1,708.4% during the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock worth $467,276,000 after acquiring an additional 8,528,534 shares in the last quarter. Stifel Financial Corp lifted its position in General Mills by 28,570.2% during the 3rd quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock worth $86,610,000 after acquiring an additional 1,665,641 shares in the last quarter. American Century Companies Inc. lifted its position in General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after acquiring an additional 1,550,074 shares in the last quarter. Bank of New York Mellon Corp lifted its position in General Mills by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,499,301 shares of the company’s stock worth $503,923,000 after acquiring an additional 1,009,126 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new position in General Mills during the 4th quarter worth approximately $50,956,000. Institutional investors and hedge funds own 74.34% of the company’s stock.
Shares of General Mills, Inc. (NYSE GIS) opened at $51.97 on Tuesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market capitalization of $29,570.00, a P/E ratio of 19.04, a P/E/G ratio of 2.13 and a beta of 0.72. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $61.34.
General Mills announced that its board has initiated a stock buyback plan on Friday, February 23rd that permits the company to buyback outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Several equities analysts recently commented on GIS shares. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Susquehanna Bancshares set a $57.00 target price on General Mills and gave the company a “hold” rating in a research report on Wednesday, December 13th. Wells Fargo & Co raised General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a research report on Monday, December 18th. Edward Jones reaffirmed a “hold” rating on shares of General Mills in a research report on Wednesday, December 20th. Finally, Credit Suisse Group set a $60.00 target price on General Mills and gave the company a “hold” rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. General Mills presently has an average rating of “Hold” and a consensus price target of $57.64.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
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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