Pacific Capital Wealth Advisors Inc. Invests $56,000 in General Mills, Inc. (NYSE:GIS)

Pacific Capital Wealth Advisors Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS) in the fourth quarter, HoldingsChannel reports. The firm purchased 854 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mackenzie Financial Corp raised its position in shares of General Mills by 26.8% in the 3rd quarter. Mackenzie Financial Corp now owns 331,221 shares of the company’s stock valued at $20,847,000 after acquiring an additional 69,920 shares during the period. Brighton Jones LLC grew its holdings in shares of General Mills by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 6,339 shares of the company’s stock valued at $406,000 after buying an additional 316 shares during the period. Cambridge Trust Co. increased its position in shares of General Mills by 28.4% in the 3rd quarter. Cambridge Trust Co. now owns 20,470 shares of the company’s stock valued at $1,310,000 after buying an additional 4,527 shares in the last quarter. IFM Investors Pty Ltd raised its stake in General Mills by 4.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 119,341 shares of the company’s stock worth $7,637,000 after buying an additional 5,471 shares during the period. Finally, Waldron Private Wealth LLC raised its stake in General Mills by 10.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 3,293 shares of the company’s stock worth $210,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GIS shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. Mizuho increased their target price on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Morgan Stanley increased their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Wells Fargo & Company increased their target price on 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, Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.18.

General Mills Stock Performance

NYSE:GIS traded up $0.75 during trading on Tuesday, reaching $69.89. The company’s stock had a trading volume of 2,453,764 shares, compared to its average volume of 4,184,218. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a 50 day moving average of $68.36 and a 200-day moving average of $65.97. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s quarterly 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. Research analysts expect that General Mills, Inc. will post 4.51 EPS 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.