Mn Services Vermogensbeheer B.V. Has $12.28 Million Stake in General Mills, Inc. (NYSE:GIS)

Mn Services Vermogensbeheer B.V. cut its position in General Mills, Inc. (NYSE:GIS - Free Report) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,413 shares of the company's stock after selling 16,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in General Mills were worth $12,282,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its stake in shares of General Mills by 6.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock worth $304,000 after purchasing an additional 268 shares during the period. Allspring Global Investments Holdings LLC increased its position in General Mills by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 329,528 shares of the company's stock worth $20,938,000 after buying an additional 4,448 shares during the period. Van ECK Associates Corp increased its position in General Mills by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 137,218 shares of the company's stock worth $8,750,000 after buying an additional 34,044 shares during the period. Avestar Capital LLC lifted its holdings in shares of General Mills by 7.9% during the fourth quarter. Avestar Capital LLC now owns 3,891 shares of the company's stock worth $248,000 after buying an additional 285 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its position in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after acquiring an additional 197 shares during the period. Institutional investors own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GIS shares. JPMorgan Chase & Co. dropped their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group downgraded shares of General Mills from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Piper Sandler reduced their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Mizuho decreased their target price on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, UBS Group cut their price target on General Mills from $54.00 to $52.00 and set a "sell" rating for the company in a report on Friday, June 6th. Two investment 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. Based on data from MarketBeat.com, General Mills has a consensus rating of "Hold" and a consensus price target of $63.06.

General Mills Price Performance

Shares of GIS stock traded up $0.39 during trading hours on Tuesday, hitting $53.92. The company had a trading volume of 725,279 shares, compared to its average volume of 4,531,225. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm's fifty day moving average is $55.33 and its 200 day moving average is $59.11. The firm has a market capitalization of $29.72 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.94 and a beta of 0.02.

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