General Mills, Inc. (GIS) Holdings Trimmed by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.6% in the 1st quarter, Holdings Channel reports. The firm owned 21,694 shares of the company’s stock after selling 1,051 shares during the period. Kovack Advisors Inc.’s holdings in General Mills were worth $1,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GIS. BlackRock Inc. lifted its stake in shares of General Mills by 2.6% in the 4th quarter. BlackRock Inc. now owns 40,910,241 shares of the company’s stock valued at $1,593,046,000 after acquiring an additional 1,049,722 shares during the last quarter. American International Group Inc. increased its holdings in General Mills by 4.7% in the fourth quarter. American International Group Inc. now owns 9,682,820 shares of the company’s stock valued at $377,049,000 after purchasing an additional 436,177 shares during the period. Geode Capital Management LLC increased its holdings in General Mills by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 7,230,663 shares of the company’s stock valued at $281,036,000 after purchasing an additional 473,831 shares during the period. Morgan Stanley increased its holdings in General Mills by 6.6% in the third quarter. Morgan Stanley now owns 5,688,684 shares of the company’s stock valued at $244,156,000 after purchasing an additional 354,443 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in General Mills by 1.9% in the fourth quarter. Macquarie Group Ltd. now owns 5,505,924 shares of the company’s stock valued at $214,401,000 after purchasing an additional 100,225 shares during the period. Hedge funds and other institutional investors own 69.16% of the company’s stock.

A number of analysts recently weighed in on GIS shares. ValuEngine upgraded General Mills from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Deutsche Bank upgraded General Mills from a “hold” rating to a “buy” rating and increased their price objective for the company from $43.00 to $54.00 in a report on Thursday, March 14th. TheStreet upgraded General Mills from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Standpoint Research downgraded General Mills from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, Credit Suisse Group increased their price objective on General Mills from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.91.



Shares of General Mills stock opened at $51.79 on Tuesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.55 and a quick ratio of 0.35. General Mills, Inc. has a 1-year low of $36.42 and a 1-year high of $52.17. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the business posted $0.79 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that General Mills, Inc. will post 3.14 earnings per share for the current year.

In other General Mills news, CFO Donal L. Mulligan sold 120,722 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the completion of the sale, the chief financial officer now directly owns 252,326 shares in the company, valued at approximately $11,985,485. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn P. Ogrady sold 118,152 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $48.50, for a total value of $5,730,372.00. Following the sale, the insider now owns 187,891 shares of the company’s stock, valued at $9,112,713.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,222 shares of company stock valued at $21,764,784. Company insiders own 0.59% of the company’s stock.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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