General Mills, Inc. (NYSE:GIS) Shares Sold by Clean Yield Group

Clean Yield Group lessened its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 28.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,841 shares of the company's stock after selling 8,289 shares during the quarter. Clean Yield Group's holdings in General Mills were worth $1,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the fourth quarter worth about $31,000. Transce3nd LLC acquired a new position in shares of General Mills during the fourth quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills during the fourth quarter worth about $32,000. Finally, Perkins Coie Trust Co lifted its stake in shares of General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Stock Performance

GIS opened at $54.76 on Friday. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. 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, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The business has a 50 day moving average price of $55.85 and a two-hundred day moving average price of $59.63.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results 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 firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. 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 posted $1.17 earnings per share. Research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GIS has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company cut their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Piper Sandler cut their price target on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group boosted their price target on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Two investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $64.56.

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.

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