Clearbridge Investments LLC lifted its stake in General Mills, Inc. (NYSE:GIS) by 12.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,700 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Clearbridge Investments LLC’s holdings in General Mills were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in GIS. Paragon Capital Management LLC acquired a new stake in General Mills during the 1st quarter worth about $25,000. Prestige Wealth Management Group LLC boosted its position in General Mills by 86.5% during the 1st quarter. Prestige Wealth Management Group LLC now owns 483 shares of the company’s stock worth $25,000 after acquiring an additional 224 shares during the period. Royal Fund Management LLC acquired a new stake in General Mills during the 1st quarter worth about $26,000. Balentine LLC acquired a new stake in General Mills during the 1st quarter worth about $27,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in General Mills during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

A number of brokerages have commented on GIS. ValuEngine lowered General Mills from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Sanford C. Bernstein lowered General Mills from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $57.00 to $50.00 in a report on Thursday, June 11th. BMO Capital Markets lifted their price target on General Mills from $57.00 to $63.00 in a report on Thursday, March 19th. UBS Group lifted their price target on General Mills from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Royal Bank of Canada lifted their price target on General Mills from $57.00 to $61.00 in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $60.39.

In related news, insider Bethany C. Quam sold 13,729 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $54.20, for a total transaction of $744,111.80. Following the completion of the transaction, the insider now directly owns 51,749 shares of the company’s stock, valued at $2,804,795.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi J. Benson sold 3,744 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $57.25, for a total value of $214,344.00. Following the transaction, the insider now directly owns 43,189 shares of the company’s stock, valued at $2,472,570.25. The disclosure for this sale can be found here. Insiders sold 131,481 shares of company stock valued at $7,707,593 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

General Mills stock opened at $60.74 on Tuesday. The firm has a market cap of $35.89 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.26 and a beta of 0.61. 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. The business’s fifty day moving average is $61.29 and its two-hundred day moving average is $56.06.

General Mills Profile

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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