Security National Bank of SO Dak Raises Stock Position in General Mills, Inc. (NYSE:GIS)

Security National Bank of SO Dak grew its stake in General Mills, Inc. (NYSE:GIS) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 31,290 shares of the company’s stock after purchasing an additional 205 shares during the period. Security National Bank of SO Dak’s holdings in General Mills were worth $1,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GIS. RFG Advisory LLC increased its position in shares of General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after buying an additional 172 shares during the period. TCW Group Inc. lifted its holdings in General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after buying an additional 194 shares during the period. Quadrant Private Wealth Management LLC boosted its position in General Mills by 3.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock valued at $356,000 after acquiring an additional 197 shares in the last quarter. Howard Capital Management Inc. boosted its position in General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after acquiring an additional 198 shares in the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of General Mills by 20.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock worth $77,000 after acquiring an additional 200 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Morgan Stanley assumed coverage on General Mills in a research report on Monday, March 24th. They set an “underweight” rating and a $53.00 price objective for the company. Bank of America dropped their target price on shares of General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Barclays reduced their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, UBS Group began coverage on shares of General Mills in a research report on Wednesday, April 23rd. They set a “sell” rating and a $54.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.69.

General Mills Stock Up 2.0%

Shares of General Mills stock opened at $54.34 on Friday. The company has a 50-day simple moving average of $57.57 and a two-hundred day simple moving average of $60.95. The stock has a market capitalization of $29.95 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 52-week low of $52.93 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. On average, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.