Apollon Wealth Management LLC Raises Holdings in General Mills, Inc. (NYSE:GIS)

Apollon Wealth Management LLC grew its stake in General Mills, Inc. (NYSE:GIS) by 122.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,675 shares of the company’s stock after purchasing an additional 13,043 shares during the period. Apollon Wealth Management LLC’s holdings in General Mills were worth $1,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GIS. Operose Advisors LLC grew its holdings in shares of 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 purchasing an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in General Mills during the 4th quarter worth $27,000. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the 4th quarter worth $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills in the third quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of General Mills in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly 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 can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on GIS. TD Cowen boosted their target price on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Morgan Stanley raised 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. 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 on the stock. Wells Fargo & Company raised their target price on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, HSBC raised their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report 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 a consensus rating of “Hold” and a consensus price target of $72.18.

General Mills Trading Down 0.2 %

NYSE:GIS traded down $0.17 during trading hours on Wednesday, reaching $69.74. The company’s stock had a trading volume of 500,915 shares, compared to its average volume of 4,142,334. The firm has a 50-day simple moving average of $68.36 and a 200-day simple moving average of $65.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.41 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly 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. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the company earned $0.97 EPS. General Mills’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.