Johnson Financial Group Inc. Lowers Stock Position in General Mills, Inc. (NYSE:GIS)

Johnson Financial Group Inc. lessened its holdings in General Mills, Inc. (NYSE:GIS) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,303 shares of the company’s stock after selling 182 shares during the quarter. Johnson Financial Group Inc.’s holdings in General Mills were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cetera Trust Company N.A purchased a new stake in General Mills in the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC purchased a new stake in General Mills in the 4th quarter valued at approximately $28,000. Apollon Wealth Management LLC boosted its holdings in General Mills by 122.7% in the 4th quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company’s stock valued at $1,542,000 after purchasing an additional 13,043 shares in the last quarter. Sabal Trust CO boosted its holdings in General Mills by 7,817.6% in the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after purchasing an additional 286,514 shares in the last quarter. Finally, Welch Group LLC boosted its holdings in General Mills by 2.8% in the 4th quarter. Welch Group LLC now owns 615,389 shares of the company’s stock valued at $40,086,000 after purchasing an additional 16,883 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target on shares of General Mills in a research note on Monday, April 22nd. HSBC boosted their price target on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, Bank of America boosted their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and a consensus target price of $72.06.

General Mills Trading Down 1.1 %

Shares of General Mills stock traded down $0.79 during trading hours on Friday, reaching $68.30. 3,195,959 shares of the company’s stock were exchanged, compared to its average volume of 3,063,010. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $85.84. The firm has a market capitalization 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. The company has a fifty day moving average of $69.73 and a 200-day moving average of $66.44. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last issued its quarterly 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. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other General Mills news, 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 transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Werner Lanette Shaffer sold 710 shares of the company’s 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 approximately $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathon Nudi sold 10,000 shares of the company’s 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. Corporate insiders own 0.24% of the company’s stock.

About General Mills

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.