ARS Wealth Advisors Group LLC Has $285,000 Position in General Mills, Inc. (NYSE:GIS)

ARS Wealth Advisors Group LLC grew its holdings in General Mills, Inc. (NYSE:GIS) by 23.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,369 shares of the company’s stock after acquiring an additional 826 shares during the period. ARS Wealth Advisors Group LLC’s holdings in General Mills were worth $285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Operose Advisors LLC increased its stake in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of General Mills in the 4th quarter valued at approximately $28,000. Authentikos Wealth Advisory LLC bought a new stake in shares of General Mills in the 3rd quarter valued at approximately $31,000. HHM Wealth Advisors LLC acquired a new position in shares of General Mills in the 3rd quarter worth approximately $32,000. Finally, Fortitude Family Office LLC bought a new position in shares of General Mills during the 4th quarter worth approximately $40,000. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

General Mills Trading Down 1.0 %

General Mills stock traded down $0.74 during mid-day trading on Friday, hitting $69.91. The stock had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. The stock has a 50-day simple moving average of $68.16 and a two-hundred day simple moving average of $65.84. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $39.70 billion, a PE ratio of 16.03, a P/E/G ratio of 2.44 and a beta of 0.15. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup initiated coverage on General Mills in a research note on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Wells Fargo & Company upped their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, Morgan Stanley lifted their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.