General Mills, Inc. (GIS) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC lessened its position in General Mills, Inc. (NYSE:GIS) by 7.6% during the first quarter, Holdings Channel reports. The fund owned 12,845 shares of the company’s stock after selling 1,060 shares during the period. Fiduciary Group LLC’s holdings in General Mills were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Acima Private Wealth LLC purchased a new stake in General Mills during the fourth quarter valued at about $29,000. We Are One Seven LLC purchased a new stake in General Mills during the fourth quarter valued at about $30,000. Legacy Advisors LLC purchased a new stake in General Mills during the first quarter valued at about $31,000. Certified Advisory Corp boosted its position in General Mills by 100.9% during the first quarter. Certified Advisory Corp now owns 643 shares of the company’s stock valued at $33,000 after buying an additional 323 shares during the period. Finally, BDO Wealth Advisors LLC purchased a new stake in General Mills during the fourth quarter valued at about $37,000. 69.10% of the stock is currently owned by institutional investors and hedge funds.

General Mills stock opened at $53.43 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 1.61. The stock has a market cap of $31.37 billion, a PE ratio of 17.18, a PEG ratio of 2.38 and a beta of 0.77. General Mills, Inc. has a 1-year low of $36.42 and a 1-year high of $53.00.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.14. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.21 billion. General Mills had a net margin of 9.26% and a return on equity of 28.11%. General Mills’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Sell-side analysts predict that General Mills, Inc. will post 3.14 earnings per share for the current year.

Several analysts have issued reports on the stock. Bank of America restated a “neutral” rating and set a $49.00 price target on shares of General Mills in a research report on Friday, May 17th. Credit Suisse Group upped their price target on shares of General Mills from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Citigroup restated a “top pick” rating and set a $60.00 price target (up from $54.00) on shares of General Mills in a research report on Thursday, March 21st. Guggenheim restated a “buy” rating on shares of General Mills in a research report on Tuesday, February 26th. Finally, ValuEngine upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. General Mills presently has a consensus rating of “Hold” and an average target price of $50.17.

In other news, insider John R. Church sold 4,719 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $50.78, for a total transaction of $239,630.82. Following the completion of the sale, the insider now directly owns 34,112 shares in the company, valued at $1,732,207.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Donal L. Mulligan sold 126,337 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $50.00, for a total transaction of $6,316,850.00. Following the sale, the chief financial officer now owns 378,663 shares of the company’s stock, valued at $18,933,150. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,222 shares of company stock valued at $21,764,784. 0.59% of the stock is currently owned by company insiders.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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