General Mills, Inc. (NYSE:GIS) Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,847 shares of the company’s stock after selling 272 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in General Mills were worth $576,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GIS. Operose Advisors LLC raised its position in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in General Mills in the fourth quarter worth $28,000. Authentikos Wealth Advisory LLC purchased a new position in General Mills in the third quarter worth $31,000. HHM Wealth Advisors LLC purchased a new position in General Mills in the third quarter worth $32,000. Finally, Fortitude Family Office LLC purchased a new position in General Mills in the fourth quarter worth $40,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GIS. TD Cowen raised their price target on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Morgan Stanley raised their price target on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Wells Fargo & Company lifted their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $72.18.

General Mills Trading Down 0.5 %

Shares of NYSE GIS traded down $0.32 during midday trading on Wednesday, hitting $70.14. The stock had a trading volume of 950,223 shares, compared to its average volume of 4,202,260. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.42 and a beta of 0.15. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. 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 company has a fifty day moving average price of $67.87 and a 200 day moving average price of $65.73.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for 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 company’s revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Profile

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.