General Mills, Inc. (NYSE:GIS) Shares Bought by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,369 shares of the company’s stock after acquiring an additional 826 shares during the period. ARS Wealth Advisors Group LLC’s holdings in General Mills were worth $285,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC lifted its stake in shares of General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in General Mills during the fourth quarter worth approximately $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills in the third quarter worth $31,000. HHM Wealth Advisors LLC purchased a new position in shares of General Mills in the 3rd quarter valued at $32,000. Finally, Fortitude Family Office LLC acquired a new position in shares of General Mills during the 4th quarter valued at $40,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GIS shares. Morgan Stanley increased their price target on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Barclays increased their target price on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. Wells Fargo & Company increased their price objective on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research 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 issued a buy rating to the company. According to MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Stock Down 1.0 %

General Mills stock traded down $0.74 during midday trading on Friday, hitting $69.91. The stock had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. The business has a fifty day moving average price of $68.16 and a 200 day moving average price of $65.84. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The stock has a market cap of $39.70 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.44 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 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 company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the firm earned $0.97 EPS. The business’s revenue was down .5% on a year-over-year basis. Research analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

Insider Activity

In related news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction 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 directly 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 available through this link. Company insiders own 0.24% of the company’s stock.

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