ICA Group Wealth Management LLC Takes Position in General Mills, Inc. (NYSE:GIS)

ICA Group Wealth Management LLC bought a new position in General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,979 shares of the company’s stock, valued at approximately $129,000.

Other hedge funds have also bought and sold shares of the company. Traverso Chambers Private Wealth Management LLC increased its stake in General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after purchasing an additional 156 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in shares of General Mills by 2.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock worth $382,000 after purchasing an additional 164 shares during the last quarter. Berger Financial Group Inc increased its stake in shares of General Mills by 2.5% in the fourth quarter. Berger Financial Group Inc now owns 6,937 shares of the company’s stock worth $452,000 after buying an additional 168 shares during the period. Tompkins Financial Corp raised its holdings in General Mills by 6.6% during the 3rd quarter. Tompkins Financial Corp now owns 2,787 shares of the company’s stock valued at $178,000 after buying an additional 172 shares during the last quarter. Finally, ORG Partners LLC boosted its position in General Mills by 23.3% during the 4th quarter. ORG Partners LLC now owns 915 shares of the company’s stock valued at $60,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of a number of analyst reports. HSBC boosted their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Sanford C. Bernstein raised General Mills from an “underperform” rating to a “market perform” rating and upped their price target for the company from $62.00 to $70.00 in a research report on Wednesday, May 15th. Bank of America lifted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Barclays upped their target price on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company lifted their price target on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.94.

General Mills Trading Up 1.2 %

NYSE GIS opened at $66.28 on Tuesday. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $82.59. 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 stock’s fifty day moving average price is $68.95 and its 200-day moving average price is $66.73. The stock has a market cap of $37.64 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.84 and a beta of 0.12.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate 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 net margin of 12.66% and a return on equity of 26.84%. General Mills’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. As a group, equities analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other General Mills 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 transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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.