Focus Partners Advisor Solutions LLC Decreases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Focus Partners Advisor Solutions LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 79.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,922 shares of the company's stock after selling 27,576 shares during the period. Focus Partners Advisor Solutions LLC's holdings in General Mills were worth $441,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GIS. Gladstone Institutional Advisory LLC increased its holdings in General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock worth $304,000 after buying an additional 268 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of General Mills by 11.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after acquiring an additional 85,612 shares during the period. JPMorgan Chase & Co. increased its stake in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of General Mills by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock worth $30,900,000 after purchasing an additional 46,536 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after purchasing an additional 2,341,137 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GIS shares. Stifel Nicolaus reduced their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. UBS Group began coverage on General Mills in a research note on Wednesday, April 23rd. They set a "sell" rating and a $54.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company cut their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Finally, Bank of America reduced their target price on shares of General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $64.69.

General Mills Price Performance

GIS stock traded up $0.61 during midday trading on Thursday, reaching $53.98. The company had a trading volume of 3,171,274 shares, compared to its average volume of 5,458,614. The firm has a 50-day moving average price of $56.50 and a 200-day moving average price of $60.12. The company has a market capitalization of $29.76 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 1 year low of $52.39 and a 1 year high of $75.90. 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 announced its earnings results 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. 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 quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. On average, research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal 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 dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company's stock.

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.