Altshuler Shaham Ltd cut its stake in General Mills, Inc. (NYSE:GIS) by 28.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302 shares of the company’s stock after selling 513 shares during the quarter. Altshuler Shaham Ltd’s holdings in General Mills were worth $80,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Texas Capital Bank Wealth Management Services Inc lifted its stake in General Mills by 2.3% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 7,451 shares of the company’s stock valued at $457,000 after buying an additional 168 shares in the last quarter. Bremer Bank National Association lifted its stake in General Mills by 2.0% in the 1st quarter. Bremer Bank National Association now owns 8,722 shares of the company’s stock valued at $535,000 after buying an additional 169 shares in the last quarter. RFG Advisory LLC lifted its stake in General Mills by 4.4% in the 1st quarter. RFG Advisory LLC now owns 4,089 shares of the company’s stock valued at $251,000 after buying an additional 173 shares in the last quarter. Cerity Partners LLC lifted its stake in General Mills by 0.5% in the 1st quarter. Cerity Partners LLC now owns 32,728 shares of the company’s stock valued at $2,007,000 after buying an additional 175 shares in the last quarter. Finally, Van Cleef Asset Management Inc lifted its stake in General Mills by 2.5% in the 4th quarter. Van Cleef Asset Management Inc now owns 7,413 shares of the company’s stock valued at $436,000 after buying an additional 178 shares in the last quarter. 75.39% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Bethany C. Quam sold 10,732 shares of General Mills stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $61.72, for a total value of $662,379.04. Following the completion of the sale, the insider now owns 55,248 shares in the company, valued at approximately $3,409,906.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard C. Allendorf sold 10,864 shares of General Mills stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $62.16, for a total transaction of $675,306.24. Following the completion of the sale, the general counsel now owns 90,630 shares of the company’s stock, valued at approximately $5,633,560.80. The disclosure for this sale can be found here. Insiders have sold a total of 72,208 shares of company stock valued at $4,436,830 in the last 90 days. Insiders own 0.51% of the company’s stock.
Shares of NYSE GIS opened at $61.10 on Friday. The business’s 50 day moving average price is $62.27. The firm has a market cap of $37.27 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.28 and a beta of 0.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.51. General Mills, Inc. has a 1 year low of $53.96 and a 1 year high of $66.14.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Tuesday, March 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.45 billion. General Mills had a return on equity of 27.90% and a net margin of 13.68%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. As a group, equities research analysts forecast that General Mills, Inc. will post 3.71 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. Credit Suisse Group decreased their price target on shares of General Mills from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, March 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of General Mills in a research note on Wednesday, June 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.09.
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, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
Recommended Story: What is the Dividend Aristocrat Index?
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).