Alpha Cubed Investments LLC Purchases 231 Shares of General Mills, Inc. (NYSE:GIS)

Alpha Cubed Investments LLC raised its position in General Mills, Inc. (NYSE:GIS) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,583 shares of the company’s stock after buying an additional 231 shares during the quarter. Alpha Cubed Investments LLC’s holdings in General Mills were worth $364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in General Mills by 48.7% in the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after acquiring an additional 1,654,111 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of General Mills by 257.7% in the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of General Mills by 6,893.6% in the 4th quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after purchasing an additional 504,816 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of General Mills by 55.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock worth $73,071,000 after purchasing an additional 409,588 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of General Mills by 40.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,315,744 shares of the company’s stock worth $84,207,000 after purchasing an additional 380,855 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Down 0.3 %

Shares of NYSE:GIS opened at $70.25 on Wednesday. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89. The firm has a market capitalization of $39.89 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.42 and a beta of 0.15. The stock has a 50 day moving average price of $67.87 and a 200-day moving average price of $65.73. 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 announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $4.97 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GIS shares. Barclays upped their price objective on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. HSBC upped their price objective on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and set a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. Bank of America increased their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Mizuho increased their target price on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Company 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.