Ellevest Inc. Sells 1,052 Shares of General Mills, Inc. (NYSE:GIS)

Ellevest Inc. lessened its holdings in General Mills, Inc. (NYSE:GIS) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,189 shares of the company’s stock after selling 1,052 shares during the quarter. Ellevest Inc.’s holdings in General Mills were worth $522,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock valued at $120,691,000 after purchasing an additional 19,290 shares during the period. Franklin Resources Inc. lifted its stake in General Mills by 0.7% in the third quarter. Franklin Resources Inc. now owns 438,014 shares of the company’s stock valued at $31,025,000 after buying an additional 2,842 shares during the period. Principal Financial Group Inc. boosted its holdings in General Mills by 3.6% during the third quarter. Principal Financial Group Inc. now owns 792,993 shares of the company’s stock worth $58,563,000 after buying an additional 27,847 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after buying an additional 2,926,232 shares during the period. Finally, Diversified Trust Co increased its stake in shares of General Mills by 16.0% in the 4th quarter. Diversified Trust Co now owns 4,207 shares of the company’s stock valued at $268,000 after acquiring an additional 579 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price objective for the company. Mizuho reduced their target price on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus lowered their price target on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.00.

General Mills Stock Performance

GIS opened at $54.52 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The business’s 50-day simple moving average is $58.30 and its 200 day simple moving average is $61.34. The firm has a market capitalization of $30.05 billion, a PE ratio of 11.85, a PEG ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 52-week low of $53.82 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. As a group, sell-side analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.