Wynn Capital LLC Has $236,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Wynn Capital LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 18.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,940 shares of the company’s stock after selling 865 shares during the period. Wynn Capital LLC’s holdings in General Mills were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. City Center Advisors LLC increased its stake in shares of General Mills by 3.4% in the 1st quarter. City Center Advisors LLC now owns 6,071 shares of the company’s stock valued at $363,000 after buying an additional 202 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of General Mills by 4.1% in the 1st quarter. Miracle Mile Advisors LLC now owns 10,903 shares of the company’s stock worth $652,000 after purchasing an additional 430 shares during the last quarter. UMB Bank n.a. boosted its position in shares of General Mills by 16.3% in the 1st quarter. UMB Bank n.a. now owns 24,057 shares of the company’s stock worth $1,438,000 after purchasing an additional 3,370 shares during the last quarter. Perkins Coie Trust Co boosted its position in shares of General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Finally, Littlejohn Financial Services Inc. bought a new position in shares of General Mills in the 1st quarter worth $2,208,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GIS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Morgan Stanley started coverage on General Mills in a research report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target on the stock. Citigroup reduced their price target on General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Jefferies Financial Group raised their price target on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.56.

General Mills Stock Performance

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 $59.63. General Mills, Inc. has a 1 year low of $52.39 and a 1 year high of $75.90. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.94 and a beta of 0.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post 4.36 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 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.