General Mills, Inc. (NYSE:GIS) Stake Lowered by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 7.5% in the 4th quarter, Holdings Channel reports. The firm owned 238,753 shares of the company’s stock after selling 19,494 shares during the quarter. Intech Investment Management LLC’s holdings in General Mills were worth $15,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. L.M. Kohn & Company grew its holdings in General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after buying an additional 155 shares in the last quarter. Traverso Chambers Private Wealth Management LLC grew its holdings in General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after buying an additional 156 shares in the last quarter. TrueWealth Advisors LLC grew its holdings in General Mills by 4.3% in the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after buying an additional 158 shares in the last quarter. Lincoln National Corp grew its holdings in General Mills by 0.5% in the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock worth $2,293,000 after buying an additional 164 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its holdings in General Mills by 2.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock worth $382,000 after buying an additional 164 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Stock Down 1.1 %

Shares of GIS traded down $0.79 during mid-day trading on Friday, reaching $68.30. The company’s stock had a trading volume of 3,195,959 shares, compared to its average volume of 3,063,010. The business has a fifty day moving average of $69.73 and a 200 day moving average of $66.44. The company has a market cap of $38.79 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 3.07 and a beta of 0.15. General Mills, Inc. has a 1 year low of $60.33 and a 1 year 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.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates 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 for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. As a group, analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GIS shares. Morgan Stanley increased their price objective on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Bank of America increased 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. Citigroup assumed coverage on General Mills in a research note on Thursday, February 1st. They set a “neutral” rating and a $67.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price target on shares of General Mills in a research note on Monday, April 22nd. Finally, Mizuho increased their price target on General Mills from $65.00 to $70.00 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 given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.06.

Insider Buying and Selling

In related news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on 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 sale, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on 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 sale, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction 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 sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

General Mills Company 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.