General Mills, Inc. (NYSE:GIS) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 197,501 shares of the company’s stock after purchasing an additional 17,391 shares during the quarter. National Bank of Canada FI’s holdings in General Mills were worth $13,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Operose Advisors LLC increased its position in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the 4th quarter worth about $28,000. Authentikos Wealth Advisory LLC bought a new stake in General Mills in the 3rd quarter valued at about $31,000. HHM Wealth Advisors LLC acquired a new position in General Mills during the 3rd quarter valued at about $32,000. Finally, Fortitude Family Office LLC bought a new position in General Mills in the 4th quarter worth about $40,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GIS shares. Citigroup assumed coverage on General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price on the stock. Mizuho lifted their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Bank of America increased their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Wells Fargo & Company boosted their price target on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Barclays increased their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Stock Down 0.5 %

General Mills stock opened at $69.53 on Thursday. The firm’s 50 day moving average price is $68.36 and its two-hundred day moving average price is $65.97. The firm has a market cap of $39.49 billion, a PE ratio of 15.95, a P/E/G ratio of 2.41 and a beta of 0.15. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

About General Mills

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.