Castlekeep Investment Advisors LLC Purchases Shares of 18,703 General Mills, Inc. (NYSE:GIS)

Castlekeep Investment Advisors LLC bought a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,703 shares of the company’s stock, valued at approximately $1,193,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills during the 4th quarter valued at about $31,000. VSM Wealth Advisory LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $32,000. Transce3nd LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust bought a new stake in General Mills in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $53.41 on Friday. The company has a 50 day simple moving average of $56.81 and a two-hundred day simple moving average of $60.37. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90. The company has a market capitalization of $29.44 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.94 and a beta of 0.05. 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 posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the company earned $1.17 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on GIS shares. Mizuho reduced their target price on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus decreased their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler lowered their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Bank of America cut their price target 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. Finally, Jefferies Financial Group upped their price objective on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.69.

Insider Activity

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

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.