Russell Investments Group Ltd. trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 629,441 shares of the company’s stock after selling 105,092 shares during the period. Russell Investments Group Ltd. owned 0.11% of General Mills worth $40,997,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in GIS. Operose Advisors LLC lifted its holdings in General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the 4th quarter valued at about $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills in the 3rd quarter valued at about $31,000. HHM Wealth Advisors LLC acquired a new stake in shares of General Mills in the 3rd quarter valued at about $32,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of General Mills in the 4th quarter valued at about $40,000. 75.71% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth
GIS has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a research note on Thursday, March 21st. Mizuho boosted their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Morgan Stanley boosted their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Finally, TD Cowen boosted their price objective on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.18.
General Mills Price Performance
Shares of General Mills stock traded up $0.23 on Tuesday, hitting $70.46. The company had a trading volume of 3,066,438 shares, compared to its average volume of 4,243,899. The business has a 50-day simple moving average of $67.78 and a 200-day simple moving average of $65.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market cap of $40.01 billion, a PE ratio of 16.11, a PEG ratio of 2.44 and a beta of 0.15. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89.
General Mills (NYSE:GIS – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. 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.