Terra Alpha Investments LLC Increases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Terra Alpha Investments LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.7% during the first quarter, Holdings Channel reports. The firm owned 24,487 shares of the company’s stock after purchasing an additional 1,107 shares during the period. General Mills makes up approximately 1.6% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 29th largest position. Terra Alpha Investments LLC’s holdings in General Mills were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in General Mills during the fourth quarter worth approximately $873,000. Apollon Wealth Management LLC lifted its stake in General Mills by 8.1% in the fourth quarter. Apollon Wealth Management LLC now owns 23,586 shares of the company’s stock valued at $1,504,000 after buying an additional 1,761 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of General Mills by 5.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 9,249 shares of the company’s stock valued at $590,000 after acquiring an additional 462 shares during the period. Finally, Empowered Funds LLC grew its position in shares of General Mills by 79.5% during the fourth quarter. Empowered Funds LLC now owns 143,291 shares of the company’s stock worth $9,138,000 after acquiring an additional 63,456 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GIS. Bank of America reduced their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group upped their target price on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Stifel Nicolaus dropped their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, Mizuho reduced their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.44.

General Mills Stock Up 0.1%

General Mills stock opened at $54.80 on Tuesday. The stock’s 50 day moving average price is $55.76 and its 200 day moving average price is $59.53. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The company has a market cap of $30.21 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

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 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.