Sound View Wealth Advisors Group LLC Reduces Position in General Mills, Inc. (NYSE:GIS)

Sound View Wealth Advisors Group LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,973 shares of the company’s stock after selling 1,036 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in General Mills were worth $2,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of General Mills by 0.3% in the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock valued at $527,423,000 after buying an additional 23,400 shares in the last quarter. Northern Trust Corp grew its stake in General Mills by 5.0% during the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock worth $511,608,000 after buying an additional 379,702 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of General Mills by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock valued at $468,346,000 after acquiring an additional 44,933 shares during the period. Nordea Investment Management AB raised its position in General Mills by 48.7% in the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in General Mills by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,003,306 shares of the company’s stock worth $325,909,000 after purchasing an additional 235,938 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GIS. TD Cowen upped their price target on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Morgan Stanley raised 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. Citigroup started coverage on General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target for the company. Bank of America boosted their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Barclays increased their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and an average target price of $72.06.

General Mills Stock Down 0.2 %

Shares of General Mills stock traded down $0.15 during trading hours on Friday, hitting $71.25. 2,752,982 shares of the company’s stock traded hands, compared to its average volume of 4,069,970. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $89.28. The stock has a 50 day simple moving average of $69.21 and a 200-day simple moving average of $66.23. The company has a market cap of $40.46 billion, a PE ratio of 16.38, a PEG ratio of 2.41 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly earnings data 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 company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the business earned $0.97 EPS. General Mills’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated 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 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 is available through this link. In related news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the sale, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,765 shares of company stock valued at $745,822. Company insiders own 0.24% of the company’s stock.

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.