General Mills, Inc. (NYSE:GIS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 68.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 107,985 shares of the company's stock after selling 234,776 shares during the period. Assenagon Asset Management S.A.'s holdings in General Mills were worth $6,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCW Group Inc. lifted its stake in shares of General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after purchasing an additional 194 shares during the period. Quadrant Private Wealth Management LLC raised its position in shares of General Mills by 3.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after buying an additional 197 shares during the last quarter. Howard Capital Management Inc. grew 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. Bogart Wealth LLC grew its holdings in shares of General Mills by 5.2% in the fourth quarter. Bogart Wealth LLC now owns 4,055 shares of the company's stock valued at $259,000 after purchasing an additional 201 shares in the last quarter. Finally, Fairscale Capital LLC grew its holdings in shares of General Mills by 30.2% in the fourth quarter. Fairscale Capital LLC now owns 871 shares of the company's stock valued at $56,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Trading Down 2.3%

Shares of NYSE:GIS traded down $1.24 on Friday, hitting $53.50. 4,343,666 shares of the company's stock were exchanged, compared to its average volume of 4,548,540. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90. The stock has a market capitalization of $29.49 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. The business's 50 day simple moving average is $55.38 and its two-hundred day simple moving average is $59.25. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

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 for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays dropped their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Mizuho dropped their price objective on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. UBS Group dropped their price objective on shares of General Mills from $54.00 to $52.00 and set a "sell" rating for the company in a research note on Friday, June 6th. Finally, The Goldman Sachs Group lowered shares of General Mills from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, General Mills currently has a consensus rating of "Hold" and an average target price of $63.44.

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.