General Mills, Inc. (NYSE:GIS) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,060 shares of the company’s stock after purchasing an additional 845 shares during the period. First Horizon Advisors Inc.’s holdings in General Mills were worth $590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

General Mills Stock Performance

GIS opened at $69.91 on Friday. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The firm has a market capitalization of $39.70 billion, a PE ratio of 16.03, a PEG ratio of 2.41 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. The firm’s 50-day moving average price is $68.16 and its 200 day moving average price is $65.84.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. As a group, sell-side analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on GIS shares. Morgan Stanley raised their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Bank of America raised their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. TD Cowen upped their price target on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Stifel Nicolaus reissued a “buy” rating and issued a $77.00 price objective on shares of General Mills in a report on Monday, April 22nd. Finally, HSBC upped their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $72.18.

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.