General Mills, Inc. (NYSE:GIS) Shares Purchased by Terra Alpha Investments LLC

Terra Alpha Investments LLC boosted its position in General Mills, Inc. (NYSE:GIS) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,487 shares of the company’s stock after purchasing an additional 1,107 shares during the quarter. General Mills comprises approximately 1.6% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 29th largest position. Terra Alpha Investments LLC’s holdings in General Mills were worth $1,464,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC purchased a new position in General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the fourth quarter worth $31,000. Perkins Coie Trust Co grew its holdings in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills in the 4th quarter worth $32,000. Finally, Transce3nd LLC purchased a new position in shares of General Mills during the 4th quarter worth $32,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Bank of America dropped their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Barclays reduced their price target on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Piper Sandler lowered their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Finally, Citigroup reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.44.

General Mills Stock Up 0.1%

General Mills stock opened at $54.80 on Tuesday. The firm has a market capitalization of $30.21 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.94 and a beta of 0.02. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The stock’s fifty day simple moving average is $55.76 and its 200-day simple moving average is $59.53.

General Mills (NYSE:GIS) last announced its quarterly earnings data 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 business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the business posted $1.17 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share 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.