General Mills, Inc. (NYSE:GIS) Shares Purchased by Choreo LLC

Choreo LLC grew its position in General Mills, Inc. (NYSE:GIS) by 58.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,738 shares of the company’s stock after purchasing an additional 4,334 shares during the period. Choreo LLC’s holdings in General Mills were worth $765,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GIS. Cetera Trust Company N.A bought a new stake in General Mills during the 4th quarter valued at $50,000. Stratos Wealth Advisors LLC lifted its holdings in General Mills by 1.9% in the third quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $722,000 after purchasing an additional 213 shares during the period. Bruce G. Allen Investments LLC bought a new position in General Mills in the 4th quarter valued at about $28,000. Sabal Trust CO increased its stake in General Mills by 7,817.6% during the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after buying an additional 286,514 shares during the period. Finally, Gradient Investments LLC raised its position in shares of General Mills by 29.9% during the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock worth $146,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. Mizuho increased their target price 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. HSBC lifted their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. TD Cowen raised their price objective on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. Two investment 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 MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $72.18.

Insider Buying and Selling at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

General Mills Trading Down 0.7 %

General Mills stock opened at $69.99 on Thursday. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The stock has a market cap of $39.75 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.43 and a beta of 0.15. The company’s fifty day simple moving average is $67.96 and its 200-day simple moving average is $65.76.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

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