General Mills, Inc. (NYSE:GIS) Shares Purchased by Family Management Corp

Family Management Corp raised its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 1,320.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,949 shares of the company's stock after purchasing an additional 52,940 shares during the period. Family Management Corp's holdings in General Mills were worth $3,632,000 at the end of the most recent quarter.

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

Insider Activity at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

General Mills Trading Down 0.3 %

Shares of GIS traded down $0.19 during trading hours on Friday, hitting $54.52. 4,888,864 shares of the stock were exchanged, compared to its average volume of 4,450,207. General Mills, Inc. has a fifty-two week low of $53.82 and a fifty-two week high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The business has a 50-day moving average of $58.30 and a 200-day moving average of $61.29. The firm has a market capitalization of $30.05 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. On average, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GIS. JPMorgan Chase & Co. lowered their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Jefferies Financial Group boosted their target price on shares of General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Bank of America cut their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Citigroup cut their price objective on General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.00.

General Mills 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.