Steward Partners Investment Advisory LLC Has $37.30 Million Stake in General Mills, Inc. (NYSE:GIS)

Steward Partners Investment Advisory LLC reduced its holdings in General Mills, Inc. (NYSE:GISFree Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 572,560 shares of the company’s stock after selling 3,650 shares during the period. Steward Partners Investment Advisory LLC owned 0.10% of General Mills worth $37,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley increased its position in General Mills by 0.3% during the third quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock worth $527,423,000 after buying an additional 23,400 shares during the last quarter. Northern Trust Corp grew its stake in General Mills by 5.0% in the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after buying an additional 379,702 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in General Mills by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock worth $468,346,000 after acquiring an additional 44,933 shares during the last quarter. Norges Bank acquired a new stake in General Mills during the 4th quarter worth approximately $377,205,000. Finally, Nordea Investment Management AB grew its holdings 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 buying an additional 1,654,111 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of General Mills from an “underperform” rating to a “market perform” rating and upped their price target for the company from $62.00 to $70.00 in a research note on Wednesday, May 15th. JPMorgan Chase & Co. cut their price target on General Mills from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday. Wells Fargo & Company lifted their price objective on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report 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 report on Thursday, March 21st. Finally, Bank of America boosted their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.94.

Read Our Latest Analysis on General Mills

General Mills Trading Down 0.4 %

General Mills stock traded down $0.24 during trading hours on Wednesday, reaching $66.44. 1,767,217 shares of the company’s stock were exchanged, compared to its average volume of 4,008,247. The firm’s 50 day simple moving average is $69.70 and its 200 day simple moving average is $66.48. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $85.84. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $37.73 billion, a PE ratio of 15.19, a PEG ratio of 3.04 and a beta of 0.15.

General Mills (NYSE:GISGet Free Report) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business 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 revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

Insider Activity

In related news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

About General Mills

(Free Report)

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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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