Ropes Wealth Advisors LLC boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,635 shares of the company’s stock after buying an additional 228 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in General Mills were worth $2,249,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MV Capital Management Inc. grew its position in shares of General Mills by 17.6% in the first quarter. MV Capital Management Inc. now owns 23,292 shares of the company’s stock valued at $1,428,000 after purchasing an additional 3,478 shares during the last quarter. E Fund Management Co. Ltd. acquired a new position in shares of General Mills in the first quarter valued at approximately $66,000. Norinchukin Bank The grew its position in shares of General Mills by 1.7% in the first quarter. Norinchukin Bank The now owns 50,872 shares of the company’s stock valued at $3,119,000 after purchasing an additional 842 shares during the last quarter. Linscomb & Williams Inc. grew its position in shares of General Mills by 3.8% in the first quarter. Linscomb & Williams Inc. now owns 115,571 shares of the company’s stock valued at $7,087,000 after purchasing an additional 4,265 shares during the last quarter. Finally, Sun Life Financial INC grew its position in shares of General Mills by 915.5% in the first quarter. Sun Life Financial INC now owns 3,676 shares of the company’s stock valued at $225,000 after purchasing an additional 3,314 shares during the last quarter. 75.39% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CAO Mark A. Pallot sold 1,574 shares of the stock in a transaction on Monday, March 29th. The stock was sold at an average price of $62.49, for a total value of $98,359.26. Following the completion of the transaction, the chief accounting officer now directly owns 13,760 shares in the company, valued at approximately $859,862.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Church sold 25,812 shares of the stock in a transaction on Wednesday, April 28th. The shares were sold at an average price of $60.81, for a total value of $1,569,627.72. Following the completion of the transaction, the insider now owns 75,728 shares of the company’s stock, valued at $4,605,019.68. The disclosure for this sale can be found here. Insiders have sold 72,208 shares of company stock valued at $4,436,830 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.
NYSE GIS traded down $0.13 on Friday, hitting $62.44. 19,642 shares of the company’s stock were exchanged, compared to its average volume of 4,501,332. The business has a 50-day moving average price of $62.21. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 1.06. General Mills, Inc. has a 52 week low of $53.96 and a 52 week high of $66.14. The company has a market cap of $38.09 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56.
General Mills (NYSE:GIS) last released its earnings results on Tuesday, March 23rd. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). General Mills had a return on equity of 27.90% and a net margin of 13.68%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post 3.71 EPS for the current year.
General Mills 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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