Wealthspire Advisors LLC Buys 1,833 Shares of General Mills, Inc. (NYSE:GIS)

Wealthspire Advisors LLC grew its stake in General Mills, Inc. (NYSE:GIS) by 15.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,067 shares of the company’s stock after purchasing an additional 1,833 shares during the quarter. Wealthspire Advisors LLC’s holdings in General Mills were worth $916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gradient Investments LLC raised its position in shares of General Mills by 25.5% in the 3rd quarter. Gradient Investments LLC now owns 1,723 shares of the company’s stock worth $110,000 after acquiring an additional 350 shares in the last quarter. TIAA Trust National Association bought a new stake in shares of General Mills during the 3rd quarter valued at $3,042,000. First Horizon Advisors Inc. grew its position in shares of General Mills by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 8,215 shares of the company’s stock worth $526,000 after buying an additional 1,441 shares during the period. Portside Wealth Group LLC increased its stake in shares of General Mills by 7.9% in the 3rd quarter. Portside Wealth Group LLC now owns 8,903 shares of the company’s stock worth $567,000 after acquiring an additional 653 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its position in General Mills by 11.4% during the 3rd quarter. Financial Advocates Investment Management now owns 9,852 shares of the company’s stock valued at $630,000 after acquiring an additional 1,008 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

General Mills Stock Performance

Shares of GIS stock traded down $0.11 on Friday, reaching $70.15. The stock had a trading volume of 86,900 shares, compared to its average volume of 4,100,693. 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, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The stock has a market cap of $39.84 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15. The company has a 50 day simple moving average of $68.46 and a 200 day simple moving average of $66.00.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GIS shares. Bank of America upped their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Morgan Stanley raised their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. Mizuho raised their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.