GW Henssler & Associates Ltd. Trims Position in General Mills, Inc. (NYSE:GIS)


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GW Henssler & Associates Ltd. trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 92.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,370 shares of the company’s stock after selling 211,210 shares during the period. GW Henssler & Associates Ltd.’s holdings in General Mills were worth $1,126,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GIS. Pflug Koory LLC raised its holdings in General Mills by 349.0% during the fourth quarter. Pflug Koory LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 349 shares in the last quarter. Cypress Point Wealth Management LLC purchased a new position in General Mills during the fourth quarter worth about $28,000. Mascoma Wealth Management LLC purchased a new position in General Mills during the first quarter worth about $32,000. SOA Wealth Advisors LLC. purchased a new position in General Mills during the fourth quarter worth about $36,000. Finally, Wolff Wiese Magana LLC purchased a new position in General Mills during the fourth quarter worth about $41,000. 73.17% of the stock is owned by institutional investors and hedge funds.

In other General Mills news, insider John R. Church sold 25,812 shares of the stock in a transaction that occurred on Wednesday, April 28th. The shares were sold at an average price of $60.81, for a total transaction of $1,569,627.72. Following the transaction, the insider now owns 75,728 shares of the company’s stock, valued at $4,605,019.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 11,828 shares of the stock in a transaction that occurred on Tuesday, March 30th. The stock was sold at an average price of $61.82, for a total transaction of $731,206.96. In the last ninety days, insiders have sold 72,208 shares of company stock worth $4,436,830. 0.51% of the stock is currently owned by insiders.

NYSE GIS traded up $0.25 during mid-day trading on Tuesday, reaching $61.85. 118,857 shares of the stock were exchanged, compared to its average volume of 4,795,900. General Mills, Inc. has a 1-year low of $53.96 and a 1-year high of $66.14. The business’s fifty day simple moving average is $60.81 and its 200 day simple moving average is $59.18. The stock has a market capitalization of $37.73 billion, a PE ratio of 15.79, a PEG ratio of 1.98 and a beta of 0.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.55 and a current ratio of 0.76.

General Mills (NYSE:GIS) last announced its earnings results on Tuesday, March 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). General Mills had a return on equity of 28.60% and a net margin of 13.16%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that General Mills, Inc. will post 3.73 EPS for the current year.

GIS has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of General Mills from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of General Mills from $62.00 to $55.00 in a research report on Tuesday, January 19th. Jefferies Financial Group lowered their target price on shares of General Mills from $64.00 to $59.00 and set a “hold” rating on the stock in a research report on Tuesday, January 12th. Finally, Credit Suisse Group lowered their target price on shares of General Mills from $66.00 to $64.00 and set an “outperform” rating on the stock in a research report on Monday, March 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. General Mills has an average rating of “Hold” and an average target price of $63.27.

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, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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