Nilsine Partners LLC Grows Stock Position in General Mills, Inc. (NYSE:GIS)

Nilsine Partners LLC boosted its stake in General Mills, Inc. (NYSE:GIS) by 6.3% in the first quarter, Holdings Channel reports. The fund owned 4,946 shares of the company’s stock after buying an additional 295 shares during the quarter. Nilsine Partners LLC’s holdings in General Mills were worth $346,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Operose Advisors LLC raised its position in shares of General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of General Mills in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills in the 4th quarter valued at approximately $28,000. Rise Advisors LLC raised its position in shares of General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after purchasing an additional 273 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after purchasing an additional 336 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other 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 value of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. TD Cowen upped their target price on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Mizuho upped their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Barclays upped their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. upped their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.18.

General Mills Stock Performance

Shares of NYSE:GIS traded up $0.23 on Tuesday, hitting $70.46. The company’s stock had a trading volume of 3,066,438 shares, compared to its average volume of 4,243,899. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 2.44 and a beta of 0.15. The stock’s 50-day moving average is $67.87 and its two-hundred day moving average is $65.73. 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 (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

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.