ST Germain D J Co. Inc. Increases Stake in General Mills, Inc. (NYSE:GIS)

ST Germain D J Co. Inc. increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 263,565 shares of the company’s stock after purchasing an additional 8,017 shares during the period. ST Germain D J Co. Inc.’s holdings in General Mills were worth $18,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Operose Advisors LLC lifted its holdings in General Mills by 214.1% during the 3rd 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. MeadowBrook Investment Advisors LLC purchased a new stake in shares of General Mills in the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills during the fourth quarter worth about $28,000. Fortis Group Advisors LLC raised its stake in shares of General Mills by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after buying an additional 229 shares in the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in General Mills in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on 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 approximately $6,462,899.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction dated Friday, March 22nd. The stock was 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 approximately $6,462,899.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the sale, the insider now directly owns 17,397 shares in the company, valued at approximately $1,227,706.29. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

General Mills Stock Performance

NYSE:GIS traded up $0.37 on Tuesday, hitting $66.66. The company’s stock had a trading volume of 4,662,732 shares, compared to its average volume of 4,019,396. General Mills, Inc. has a one year low of $60.33 and a one year high of $82.59. The stock has a fifty day moving average of $68.95 and a two-hundred day moving average of $66.73. 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 has a market capitalization of $37.86 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.12.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. General Mills’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. Research analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current year.

Analysts Set New Price Targets

GIS has been the topic of a number of research reports. Bank of America increased their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Barclays lifted their price target on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Mizuho boosted 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, HSBC upped their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.94.

General Mills 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.