Dynamic Advisor Solutions LLC Decreases Holdings in General Mills, Inc. (NYSE:GIS)

Dynamic Advisor Solutions LLC lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 95.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,402 shares of the company’s stock after selling 68,252 shares during the period. Dynamic Advisor Solutions LLC’s holdings in General Mills were worth $203,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Dover Advisors LLC purchased a new stake in General Mills during the first quarter worth about $249,000. Palouse Capital Management Inc. increased its holdings in General Mills by 0.6% during the first quarter. Palouse Capital Management Inc. now owns 51,999 shares of the company’s stock worth $3,109,000 after buying an additional 318 shares during the last quarter. Krilogy Financial LLC increased its holdings in General Mills by 4.3% during the first quarter. Krilogy Financial LLC now owns 14,489 shares of the company’s stock worth $866,000 after buying an additional 593 shares during the last quarter. Bar Harbor Wealth Management increased its holdings in General Mills by 4.4% during the first quarter. Bar Harbor Wealth Management now owns 18,578 shares of the company’s stock worth $1,111,000 after buying an additional 789 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in General Mills by 1.8% during the first quarter. NorthCrest Asset Manangement LLC now owns 216,625 shares of the company’s stock worth $12,952,000 after buying an additional 3,910 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

GIS stock opened at $53.00 on Friday. The firm has a 50 day moving average of $54.93 and a 200-day moving average of $58.84. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90. The firm has a market capitalization of $29.21 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $1.17 earnings per share. General Mills’s revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on GIS. Jefferies Financial Group raised their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Morgan Stanley initiated coverage on shares of General Mills in a report on Monday, March 24th. They set an “underweight” rating and a $53.00 price objective for the company. Bank of America reduced their target price on shares of General Mills from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group reduced their target price on shares of General Mills from $54.00 to $52.00 and set a “sell” rating for the company in a research note on Friday, June 6th. Finally, Wells Fargo & Company reduced their target price on shares of General Mills from $61.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.75.

General Mills Company 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.