First City Capital Management Inc. Sells 426 Shares of General Mills, Inc. (NYSE:GIS)

First City Capital Management Inc. lessened its stake in General Mills, Inc. (NYSE:GIS) by 11.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,411 shares of the company’s stock after selling 426 shares during the period. First City Capital Management Inc.’s holdings in General Mills were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. TCW Group Inc. lifted its holdings in General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after acquiring an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock valued at $356,000 after purchasing an additional 197 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of General Mills by 20.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock valued at $77,000 after purchasing an additional 200 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of General Mills by 5.2% in the fourth quarter. Bogart Wealth LLC now owns 4,055 shares of the company’s stock valued at $259,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $54.76 on Friday. The business’s 50 day moving average price is $55.85 and its two-hundred day moving average price is $59.66. The company has a market cap of $30.19 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on GIS. Mizuho cut their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group boosted their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Morgan Stanley began coverage on General Mills in a research report on Monday, March 24th. They issued an “underweight” rating and a $53.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Bank of America lowered their target price on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus price target of $64.56.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.