CWM LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 32.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,419 shares of the company’s stock after selling 2,124 shares during the quarter. CWM LLC’s holdings in General Mills were worth $229,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Legacy Advisors LLC purchased a new position in shares of General Mills during the first quarter valued at $31,000. Acima Private Wealth LLC bought a new stake in General Mills during the fourth quarter valued at about $29,000. We Are One Seven LLC bought a new stake in General Mills during the fourth quarter valued at about $30,000. Sageworth Trust Co bought a new stake in General Mills during the first quarter valued at about $49,000. Finally, BDO Wealth Advisors LLC bought a new stake in General Mills during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 69.22% of the company’s stock.
GIS stock traded up $0.32 during trading on Wednesday, hitting $52.71. 2,823,299 shares of the company traded hands, compared to its average volume of 4,427,430. The company has a current ratio of 0.55, a quick ratio of 0.35 and a debt-to-equity ratio of 1.61. The stock has a market cap of $31.37 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.38 and a beta of 0.77. General Mills, Inc. has a 1 year low of $36.42 and a 1 year high of $53.00.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.14. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.21 billion. General Mills had a return on equity of 28.11% and a net margin of 9.26%. General Mills’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. On average, research analysts predict that General Mills, Inc. will post 3.14 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Wells Fargo & Co raised their price objective on General Mills from $53.00 to $56.00 and gave the company a “positive” rating in a research report on Friday, March 22nd. Citigroup reaffirmed a “top pick” rating and set a $60.00 price objective (up previously from $54.00) on shares of General Mills in a research report on Thursday, March 21st. Standpoint Research downgraded General Mills from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Guggenheim initiated coverage on General Mills in a report on Tuesday, January 22nd. They issued a “buy” rating and a $49.00 price target for the company. Finally, Bank of America reissued a “neutral” rating and issued a $49.00 price target on shares of General Mills in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.17.
In other news, CFO Donal L. Mulligan sold 126,337 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $50.00, for a total value of $6,316,850.00. Following the completion of the sale, the chief financial officer now directly owns 378,663 shares in the company, valued at $18,933,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Church sold 4,719 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $50.78, for a total value of $239,630.82. Following the completion of the sale, the insider now owns 34,112 shares of the company’s stock, valued at $1,732,207.36. The disclosure for this sale can be found here. Insiders sold 444,222 shares of company stock valued at $21,764,784 over the last 90 days. Company insiders own 0.59% of the company’s stock.
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General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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