Adell Harriman & Carpenter Inc. Has $750,000 Stake in General Mills, Inc. (NYSE:GIS)

Adell Harriman & Carpenter Inc. lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,515 shares of the company’s stock after selling 384 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in General Mills were worth $750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Toews Corp ADV bought a new position in General Mills in the third quarter valued at approximately $781,000. SVB Wealth LLC lifted its holdings in General Mills by 272.8% during the 3rd quarter. SVB Wealth LLC now owns 84,431 shares of the company’s stock valued at $5,403,000 after purchasing an additional 61,782 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in General Mills by 37.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 801 shares of the company’s stock valued at $51,000 after buying an additional 218 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in General Mills in the 3rd quarter worth about $858,000. Finally, Xponance Inc. raised its position in shares of General Mills by 4.2% in the third quarter. Xponance Inc. now owns 72,585 shares of the company’s stock valued at $4,645,000 after buying an additional 2,928 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on GIS. JPMorgan Chase & Co. lifted their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup initiated coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. Barclays upped their target price on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Finally, Mizuho lifted their price objective on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and an average target price of $72.18.

General Mills Trading Down 0.2 %

Shares of General Mills stock traded down $0.12 during trading on Tuesday, reaching $70.11. 449,473 shares of the stock were exchanged, compared to its average volume of 4,211,073. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The firm has a market cap of $39.82 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.44 and a beta of 0.15. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average is $67.78 and its 200 day moving average is $65.68.

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, topping the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Insider Buying and Selling

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

General Mills Company 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.