Nichols & Pratt Advisers LLP MA Has $469,000 Stake in General Mills, Inc. (NYSE:GIS)

Nichols & Pratt Advisers LLP MA decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,205 shares of the company’s stock after selling 670 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in General Mills were worth $469,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GIS. Operose Advisors LLC grew its holdings in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in General Mills during the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in General Mills during the fourth quarter valued at approximately $28,000. Authentikos Wealth Advisory LLC acquired a new position in General Mills during the third quarter valued at approximately $31,000. Finally, HHM Wealth Advisors LLC acquired a new position in General Mills during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity

In other news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

General Mills Stock Performance

Shares of NYSE GIS traded up $0.13 during trading hours on Friday, reaching $70.39. 627,566 shares of the stock were exchanged, compared to its average volume of 4,106,537. The stock’s fifty day simple moving average is $68.58 and its 200 day simple moving average is $66.03. The firm has a market capitalization of $39.97 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.41 and a beta of 0.15. 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.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on GIS. JPMorgan Chase & Co. lifted their price target 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. Barclays raised their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Wells Fargo & Company boosted their price target 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. Citigroup began coverage on General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.