General Mills, Inc. (NYSE:GIS) Shares Sold by Courier Capital LLC

Courier Capital LLC cut its position in General Mills, Inc. (NYSE:GIS - Free Report) by 57.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,909 shares of the company's stock after selling 5,362 shares during the period. Courier Capital LLC's holdings in General Mills were worth $234,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GIS. First Citizens Bank & Trust Co. increased its holdings in General Mills by 16.3% in the 1st quarter. First Citizens Bank & Trust Co. now owns 6,342 shares of the company's stock worth $379,000 after acquiring an additional 888 shares in the last quarter. City Center Advisors LLC raised its position in shares of General Mills by 3.4% during the 1st quarter. City Center Advisors LLC now owns 6,071 shares of the company's stock worth $363,000 after purchasing an additional 202 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in General Mills by 4.1% in the 1st quarter. Miracle Mile Advisors LLC now owns 10,903 shares of the company's stock worth $652,000 after buying an additional 430 shares during the last quarter. UMB Bank n.a. increased its stake in General Mills by 16.3% during the 1st quarter. UMB Bank n.a. now owns 24,057 shares of the company's stock worth $1,438,000 after buying an additional 3,370 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GIS shares. Mizuho reduced their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $68.00 to $58.00 in a research note on Monday, June 9th. Jefferies Financial Group raised their target price on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Finally, Citigroup lowered their target price on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, General Mills presently has an average rating of "Hold" and a consensus target price of $63.44.

General Mills Trading Down 2.3%

NYSE:GIS traded down $1.24 during trading hours on Friday, reaching $53.50. 4,343,666 shares of the stock were exchanged, compared to its average volume of 4,541,963. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average of $55.38 and a two-hundred day moving average of $59.30. The company has a market capitalization of $29.49 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.94 and a beta of 0.02.

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

General Mills Company 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.