General Mills, Inc. (NYSE:GIS) Shares Bought by Ascent Group LLC

Ascent Group LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,000 shares of the company's stock after acquiring an additional 10,431 shares during the quarter. Ascent Group LLC's holdings in General Mills were worth $4,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GIS. RFG Advisory LLC boosted its holdings in General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock worth $425,000 after buying an additional 172 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock valued at $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after purchasing an additional 197 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its holdings in shares of General Mills by 20.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock valued at $77,000 after purchasing an additional 200 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GIS. Stifel Nicolaus reduced their price target on shares of General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Piper Sandler reduced their price target on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group upped their price objective 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. Finally, Morgan Stanley assumed coverage on shares of General Mills in a research note on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $64.69.

General Mills Trading Down 1.4%

NYSE:GIS traded down $0.77 during trading hours on Wednesday, reaching $53.36. 3,465,997 shares of the company were exchanged, compared to its average volume of 4,526,550. 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 firm has a market cap of $29.41 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 52-week low of $52.39 and a 52-week high of $75.90. The stock has a 50 day simple moving average of $56.61 and a 200 day simple moving average of $60.17.

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

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company's stock.

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.