General Mills, Inc. (NYSE:GIS) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,284 shares of the company's stock after selling 7,068 shares during the period. Fifth Third Bancorp's holdings in General Mills were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Mills during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Mills in the fourth quarter valued at approximately $31,000. Perkins Coie Trust Co lifted its position in shares of General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after purchasing an additional 211 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of General Mills during the 4th quarter worth about $32,000. Finally, Transce3nd LLC purchased a new position in General Mills in the fourth quarter valued at approximately $32,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GIS. Jefferies Financial Group raised their price objective on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Bank of America reduced their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Citigroup lowered their target price on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Mizuho reduced their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Morgan Stanley began coverage on shares of General Mills in a research report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $63.06.

General Mills Price Performance

Shares of GIS stock traded down $0.32 during mid-day trading on Monday, reaching $53.24. The stock had a trading volume of 804,907 shares, compared to its average volume of 4,534,109. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business has a 50-day simple moving average of $55.38 and a 200 day simple moving average of $59.20. The company has a market cap of $29.35 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating 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 business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

About General Mills

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.