General Mills Gets a Boost from B of A Securities
On December 13, 2024, Bank of America Securities raised its rating for General Mills (BRSE:GIS) from Neutral to Buy.
Fund Sentiment Around General Mills
A total of 2,404 funds or institutions have reported holding positions in General Mills. This is an increase of 72 owners, or 3.09%, compared to the previous quarter. The average portfolio weight of all funds invested in GIS rose to 0.22%, reflecting a 2.64% increase. However, total shares owned by institutions fell by 2.77% in the past three months, now totaling 501,109K shares.
Capital Research Global Investors currently holds 18,202K shares, which equates to a 3.28% stake in the company. This is down from 19,637K shares, representing a decrease of 7.88%. Interestingly, the firm increased its allocation in GIS by 2.50% over the last quarter.
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) owns 17,667K shares, or 3.18% of General Mills. This indicates a slight drop, with its previous holdings being 17,861K shares, showing a decrease of 1.10%. Nonetheless, the firm enhanced its portfolio allocation in GIS by 8.45% in the last quarter.
Meanwhile, Vanguard 500 Index Fund Investor Shares (VFINX) holds 14,579K shares, translating to 2.63% ownership of the company. This reflects a modest increase from its prior holdings of 14,490K shares, or an increase of 0.61%. The firm also upped its allocation by 8.09% in the past quarter.
Geode Capital Management possesses 14,352K shares, amounting to 2.59% ownership. Its prior holdings were 14,335K shares, which marks a slight increase of 0.11%. However, this firm decreased its overall portfolio allocation in GIS by 43.54% during the last quarter.
Finally, AMRMX – AMERICAN MUTUAL FUND holds 12,645K shares, representing 2.28% of General Mills. This is a significant reduction from its prior 15,039K shares, which indicates a decrease of 18.94%. This fund also reduced its allocation in GIS by 25.66% over the last quarter.
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