Goelzer Investment Management Inc. decreased its holdings in General Mills, Inc. (NYSE:GIS) by 32.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,880 shares of the company’s stock after selling 1,890 shares during the quarter. Goelzer Investment Management Inc.’s holdings in General Mills were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GIS. AE Wealth Management LLC grew its holdings in shares of General Mills by 5.0% during the 1st quarter. AE Wealth Management LLC now owns 75,014 shares of the company’s stock worth $3,958,000 after purchasing an additional 3,551 shares during the period. Trustcore Financial Services LLC raised its position in shares of General Mills by 13.4% in the 1st quarter. Trustcore Financial Services LLC now owns 2,454 shares of the company’s stock valued at $129,000 after purchasing an additional 290 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of General Mills by 29.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 230,825 shares of the company’s stock valued at $12,181,000 after purchasing an additional 51,892 shares in the last quarter. Foster Dykema Cabot & Co. Inc. MA acquired a new position in shares of General Mills in the 1st quarter valued at approximately $1,088,000. Finally, Corient Capital Partners LLC raised its position in shares of General Mills by 7.9% during the 1st quarter. Corient Capital Partners LLC now owns 5,270 shares of the company’s stock valued at $279,000 after acquiring an additional 386 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.

A number of research analysts recently commented on the company. Piper Sandler downgraded General Mills from an “overweight” rating to a “neutral” rating in a research note on Sunday, April 19th. UBS Group upped their price objective on General Mills from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Jefferies Financial Group restated a “hold” rating and set a $57.00 price objective on shares of General Mills in a research note on Wednesday, February 19th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating and set a $57.00 price target for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada increased their price target on General Mills from $57.00 to $61.00 in a research note on Thursday, March 19th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. General Mills has an average rating of “Hold” and an average price target of $58.80.

In other General Mills news, insider Jonathon Nudi sold 4,224 shares of General Mills stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $59.87, for a total transaction of $252,890.88. Following the transaction, the insider now directly owns 58,762 shares in the company, valued at $3,518,080.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jodi J. Benson sold 3,744 shares of General Mills stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $57.25, for a total value of $214,344.00. Following the transaction, the insider now owns 43,189 shares in the company, valued at $2,472,570.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,668 shares of company stock valued at $8,078,504. 0.52% of the stock is owned by insiders.

NYSE GIS opened at $62.49 on Friday. The stock has a fifty day moving average of $58.00 and a 200-day moving average of $54.06. The stock has a market capitalization of $38.53 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.29 and a beta of 0.60. General Mills, Inc. has a 52 week low of $46.59 and a 52 week high of $64.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.64.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. General Mills had a return on equity of 26.40% and a net margin of 12.68%. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts forecast that General Mills, Inc. will post 3.48 earnings per share for the current fiscal year.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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