Fortitude Family Office LLC Has $31,000 Holdings in General Mills, Inc. (NYSE:GIS)

Fortitude Family Office LLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 29.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436 shares of the company’s stock after selling 183 shares during the quarter. Fortitude Family Office LLC’s holdings in General Mills were worth $31,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in General Mills by 0.3% during the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock valued at $527,423,000 after purchasing an additional 23,400 shares during the last quarter. Northern Trust Corp raised its stake in shares of General Mills by 5.0% in the third quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after acquiring an additional 379,702 shares during the last quarter. Capital World Investors boosted its holdings in shares of General Mills by 7.6% in the 4th quarter. Capital World Investors now owns 7,074,884 shares of the company’s stock worth $460,858,000 after acquiring an additional 501,717 shares in the last quarter. Norges Bank bought a new stake in General Mills during the 4th quarter worth approximately $377,205,000. Finally, Dimensional Fund Advisors LP increased its holdings in General Mills by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,003,306 shares of the company’s stock valued at $325,909,000 after purchasing an additional 235,938 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GIS shares. Royal Bank of Canada restated a “sector perform” rating and set a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. Bank of America raised their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. 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. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Finally, TD Cowen increased their price objective 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. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.94.

Insider Buying and Selling

In other news, 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 completion of the sale, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

General Mills Stock Performance

GIS stock traded up $0.39 during trading hours on Friday, reaching $67.08. The stock had a trading volume of 6,390,787 shares, compared to its average volume of 3,661,410. The stock has a market capitalization of $38.09 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.12. The stock has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $66.76. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $82.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts predict that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

About General Mills

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.