General Mills, Inc. (NYSE:GIS) Shares Bought by Perkins Coie Trust Co

Perkins Coie Trust Co lifted its position in shares of General Mills, Inc. (NYSE:GISFree Report) by 769.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Perkins Coie Trust Co’s holdings in General Mills were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GIS. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of General Mills during the 3rd quarter worth about $668,000. FMR LLC grew its holdings in General Mills by 5.5% in the third quarter. FMR LLC now owns 1,612,372 shares of the company’s stock valued at $103,176,000 after purchasing an additional 84,520 shares during the period. Dark Forest Capital Management LP grew its holdings in General Mills by 60.4% in the third quarter. Dark Forest Capital Management LP now owns 12,261 shares of the company’s stock valued at $785,000 after purchasing an additional 4,616 shares during the period. LPL Financial LLC raised its stake in shares of General Mills by 4.4% during the 3rd quarter. LPL Financial LLC now owns 674,845 shares of the company’s stock worth $43,183,000 after buying an additional 28,535 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of General Mills by 3.8% during the 3rd quarter. Stifel Financial Corp now owns 685,189 shares of the company’s stock valued at $43,845,000 after buying an additional 24,938 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 1.5 %

Shares of GIS stock traded up $0.99 on Monday, hitting $68.07. The stock had a trading volume of 6,248,844 shares, compared to its average volume of 4,065,822. The company’s 50 day moving average price is $68.86 and its 200-day moving average price is $66.79. General Mills, Inc. has a 1 year low of $60.33 and a 1 year 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. The firm has a market capitalization of $38.66 billion, a P/E ratio of 15.61, a P/E/G ratio of 3.10 and a beta of 0.12.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Bank of America boosted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Sanford C. Bernstein upgraded General Mills from an “underperform” rating to a “market perform” rating and raised their target price for the company from $62.00 to $70.00 in a research report on Wednesday, May 15th. HSBC boosted their price target on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their price objective on General Mills from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Two equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.94.

View Our Latest Report on GIS

Insiders Place Their Bets

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction 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 transaction, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by company insiders.

General Mills Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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