Citizens Financial Group Inc. RI Cuts Stake in General Mills, Inc. $GIS

Citizens Financial Group Inc. RI trimmed its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 87.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,730 shares of the company's stock after selling 113,961 shares during the quarter. Citizens Financial Group Inc. RI's holdings in General Mills were worth $731,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. boosted its holdings in shares of General Mills by 4.2% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company's stock valued at $273,000 after acquiring an additional 219 shares during the last quarter. Smith Moore & CO. boosted its holdings in shares of General Mills by 2.6% during the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company's stock valued at $443,000 after acquiring an additional 225 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company's stock valued at $1,702,000 after acquiring an additional 226 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in shares of General Mills by 5.7% during the 3rd quarter. Tempus Wealth Planning LLC now owns 4,297 shares of the company's stock valued at $217,000 after acquiring an additional 231 shares during the last quarter. Finally, N.E.W. Advisory Services LLC boosted its holdings in shares of General Mills by 35.4% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 937 shares of the company's stock valued at $47,000 after acquiring an additional 245 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIS. TD Cowen dropped their price target on shares of General Mills from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Thursday, March 19th. Stifel Nicolaus decreased their target price on shares of General Mills from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, April 21st. Morgan Stanley decreased their target price on shares of General Mills from $47.00 to $44.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada decreased their target price on shares of General Mills from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Mills from $38.00 to $32.00 and set a "hold" rating on the stock in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $43.22.

General Mills Stock Up 0.0%

Shares of GIS stock opened at $34.74 on Monday. The company's fifty day simple moving average is $38.57 and its two-hundred day simple moving average is $43.75. General Mills, Inc. has a 52 week low of $34.04 and a 52 week high of $55.93. The stock has a market cap of $18.54 billion, a P/E ratio of 8.49 and a beta of -0.02. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the company earned $1.12 EPS. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 3.44 EPS for the current fiscal year.

General Mills Profile

General Mills, Inc NYSE: GIS is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company's portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

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