CVA Family Office LLC Lowers Holdings in General Mills, Inc. (NYSE:GIS)

CVA Family Office LLC cut its position in General Mills, Inc. (NYSE:GIS) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,214 shares of the company’s stock after selling 695 shares during the quarter. CVA Family Office LLC’s holdings in General Mills were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GIS. CBIZ Investment Advisory Services LLC purchased a new stake in General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills in the 4th quarter worth approximately $31,000. Perkins Coie Trust Co lifted its stake in 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 in the last quarter. VSM Wealth Advisory LLC purchased a new stake in General Mills in the 4th quarter worth approximately $32,000. Finally, Transce3nd LLC purchased a new stake in General Mills in the 4th quarter worth approximately $32,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GIS. The Goldman Sachs Group lowered shares of General Mills from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Morgan Stanley began coverage on shares of General Mills in a report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Wells Fargo & Company decreased their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Finally, Piper Sandler decreased their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.44.

General Mills Price Performance

Shares of General Mills stock opened at $53.50 on Friday. The firm has a market cap of $29.49 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $55.38 and its two-hundred day simple moving average is $59.25.

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

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.