General Mills, Inc. $GIS Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 721,688 shares of the company’s stock after buying an additional 180,640 shares during the quarter. SG Americas Securities LLC’s holdings in General Mills were worth $26,861,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp raised its stake in General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after acquiring an additional 145,701 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of General Mills by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock worth $915,953,000 after purchasing an additional 488,617 shares during the last quarter. Geode Capital Management LLC increased its position in shares of General Mills by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after purchasing an additional 172,200 shares in the last quarter. Morgan Stanley increased its position in shares of General Mills by 2.1% during the fourth quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after purchasing an additional 200,043 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of General Mills by 14.6% in the 4th quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after purchasing an additional 1,115,465 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of a number of research analyst reports. Mizuho decreased their target price on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. UBS Group cut their price target on General Mills from $35.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, June 2nd. TD Cowen decreased their price objective on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Royal Bank Of Canada lowered their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, Bank of America lowered their target price on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Reduce” and a consensus target price of $39.39.

Check Out Our Latest Research Report on GIS

General Mills Stock Performance

NYSE GIS opened at $34.75 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $54.18. The business’s 50-day moving average price is $34.08 and its 200 day moving average price is $40.23. The firm has a market cap of $18.54 billion, a P/E ratio of 8.50 and a beta of -0.03.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% 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. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the transaction, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by company insiders.

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About General Mills

(Free Report)

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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