Swiss Life Asset Management Ltd Buys 100,582 Shares of General Mills, Inc. $GIS

Swiss Life Asset Management Ltd boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,831 shares of the company’s stock after buying an additional 100,582 shares during the quarter. Swiss Life Asset Management Ltd owned approximately 0.06% of General Mills worth $14,733,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC purchased a new position in General Mills during the third quarter valued at approximately $25,000. Close Asset Management Ltd purchased a new position in General Mills during the third quarter valued at approximately $28,000. Activest Wealth Management increased its holdings in General Mills by 211.7% during the fourth quarter. Activest Wealth Management now owns 695 shares of the company’s stock valued at $32,000 after buying an additional 472 shares during the period. Binnacle Investments Inc increased its holdings in General Mills by 312.5% during the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the period. Finally, Quest 10 Wealth Builders Inc. increased its holdings in General Mills by 190.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 737 shares of the company’s stock valued at $34,000 after buying an additional 483 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Bank of America lowered shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Monday, February 23rd. BTIG Research assumed coverage on shares of General Mills in a report on Monday, April 13th. They set a “neutral” rating on the stock. Mizuho cut their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Wells Fargo & Company lowered shares of General Mills from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $35.00 to $33.00 in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on shares of General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $42.83.

General Mills Stock Performance

Shares of GIS stock opened at $33.84 on Tuesday. The business’s fifty day simple moving average is $37.56 and its 200-day simple moving average is $43.28. The company has a market cap of $18.06 billion, a PE ratio of 8.27 and a beta of -0.02. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a 12-month low of $33.37 and a 12-month high of $55.35.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Analysts expect that General Mills, Inc. will post 3.44 earnings per share for the current fiscal year.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.