Fortis Group Advisors LLC Acquires 229 Shares of General Mills, Inc. (NYSE:GIS)

Fortis Group Advisors LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 458 shares of the company’s stock after purchasing an additional 229 shares during the quarter. Fortis Group Advisors LLC’s holdings in General Mills were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Trust Company N.A bought a new stake in shares of General Mills in the 4th quarter worth $50,000. Bruce G. Allen Investments LLC bought a new stake in shares of General Mills in the 4th quarter worth approximately $28,000. Optimist Retirement Group LLC bought a new stake in shares of General Mills in the 4th quarter worth approximately $1,171,000. Apollon Wealth Management LLC grew its position in shares of General Mills by 122.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company’s stock valued at $1,542,000 after purchasing an additional 13,043 shares in the last quarter. Finally, Sabal Trust CO grew its position in shares of General Mills by 7,817.6% during the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after purchasing an additional 286,514 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm’s 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 transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jonathon Nudi sold 10,000 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value 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.

Analyst Ratings Changes

A number of research analysts have recently commented on GIS shares. Mizuho boosted their price target on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Wells Fargo & Company upped their target price on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research 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 stock a “neutral” rating in a research report on Thursday, March 21st. Finally, HSBC upped their target price on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.94.

General Mills Stock Down 0.2 %

Shares of NYSE:GIS traded down $0.11 on Friday, hitting $65.50. 2,904,124 shares of the company traded hands, compared to its average volume of 3,588,714. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $82.59. The company has a market cap of $37.20 billion, a PE ratio of 15.02, a PEG ratio of 2.83 and a beta of 0.12. The stock has a 50 day simple moving average of $69.02 and a 200-day simple moving average of $66.71.

General Mills (NYSE:GIS) last released 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. 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 for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the firm posted $0.97 earnings per share. General Mills’s revenue was down .5% compared to the same quarter last year. As a group, research analysts expect that General Mills, Inc. will post 4.5 earnings per share for the current year.

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.