Summit Trail Advisors LLC Has $377,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Summit Trail Advisors LLC boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 14.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,794 shares of the company’s stock after purchasing an additional 730 shares during the period. Summit Trail Advisors LLC’s holdings in General Mills were worth $377,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp increased its holdings in shares of General Mills by 26.8% during the 3rd quarter. Mackenzie Financial Corp now owns 331,221 shares of the company’s stock valued at $20,847,000 after acquiring an additional 69,920 shares during the last quarter. Brighton Jones LLC grew its holdings in General Mills by 5.2% during the third quarter. Brighton Jones LLC now owns 6,339 shares of the company’s stock valued at $406,000 after purchasing an additional 316 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of General Mills by 4.8% in the third quarter. IFM Investors Pty Ltd now owns 119,341 shares of the company’s stock valued at $7,637,000 after purchasing an additional 5,471 shares during the period. Waldron Private Wealth LLC lifted its stake in shares of General Mills by 10.8% in the third quarter. Waldron Private Wealth LLC now owns 3,293 shares of the company’s stock worth $210,000 after buying an additional 320 shares during the last quarter. Finally, Graypoint LLC grew its stake in General Mills by 13.1% in the 3rd quarter. Graypoint LLC now owns 5,953 shares of the company’s stock valued at $381,000 after buying an additional 688 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Up 0.1 %

Shares of NYSE:GIS opened at $69.95 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The company has a 50 day moving average price of $68.36 and a two-hundred day moving average price of $65.97. The company has a market capitalization of $39.72 billion, a PE ratio of 16.03, a PEG ratio of 2.41 and a beta of 0.15.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on GIS. JPMorgan Chase & Co. upped their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Bank of America boosted their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Barclays lifted their price objective on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Citigroup began coverage on General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.18.

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.