Brighton Jones LLC Purchases 894 Shares of General Mills, Inc. (NYSE:GIS)

Brighton Jones LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,233 shares of the company’s stock after acquiring an additional 894 shares during the quarter. Brighton Jones LLC’s holdings in General Mills were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mission Wealth Management LP boosted its stake in shares of General Mills by 11.0% in the 4th quarter. Mission Wealth Management LP now owns 12,938 shares of the company’s stock valued at $843,000 after purchasing an additional 1,277 shares during the last quarter. Ledyard National Bank acquired a new stake in General Mills during the 4th quarter worth $260,000. Choreo LLC raised its position in shares of General Mills by 58.5% during the 4th quarter. Choreo LLC now owns 11,738 shares of the company’s stock valued at $765,000 after acquiring an additional 4,334 shares during the last quarter. Intellectus Partners LLC lifted its stake in shares of General Mills by 1.7% in the 4th quarter. Intellectus Partners LLC now owns 16,525 shares of the company’s stock valued at $1,076,000 after purchasing an additional 273 shares during the period. Finally, Paradigm Financial Partners LLC boosted its position in shares of General Mills by 3.1% in the 4th quarter. Paradigm Financial Partners LLC now owns 14,331 shares of the company’s stock worth $934,000 after purchasing an additional 425 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 0.9 %

NYSE GIS opened at $70.65 on Friday. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The stock’s 50 day moving average price is $68.07 and its two-hundred day moving average price is $65.80. The stock has a market capitalization of $40.12 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.41 and a beta of 0.15.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business 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 company posted $0.97 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GIS shares. Morgan Stanley upped their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. 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 report on Thursday, March 21st. Bank of America upped their target price 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. Finally, 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 report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $72.18.

Insider Transactions at General Mills

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 sale, 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 through this hyperlink. Company insiders own 0.24% 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.