General Mills, Inc. (NYSE:GIS) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 71.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,605 shares of the company's stock after selling 11,306 shares during the period. Sherbrooke Park Advisers LLC's holdings in General Mills were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Barclays PLC increased its position in General Mills by 1.2% during the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company's stock worth $120,691,000 after purchasing an additional 19,290 shares during the period. JPMorgan Chase & Co. increased its position in 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 period. Merit Financial Group LLC increased its position in General Mills by 48.0% during the 4th quarter. Merit Financial Group LLC now owns 31,355 shares of the company's stock worth $2,000,000 after purchasing an additional 10,176 shares during the period. Arkadios Wealth Advisors increased its position in General Mills by 1.1% during the 4th quarter. Arkadios Wealth Advisors now owns 36,362 shares of the company's stock worth $2,319,000 after purchasing an additional 392 shares during the period. Finally, Trust Co. of Vermont increased its position in General Mills by 6.0% during the 4th quarter. Trust Co. of Vermont now owns 24,770 shares of the company's stock worth $1,580,000 after purchasing an additional 1,392 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value 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 can be accessed through the SEC website. Corporate insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GIS. Jefferies Financial Group upped their price target on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Wells Fargo & Company lowered their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Piper Sandler lowered their price target on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, Mizuho lowered their price target on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $64.69.

General Mills Trading Up 1.4%

Shares of General Mills stock opened at $55.14 on Monday. General Mills, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $75.90. The firm has a market cap of $30.39 billion, a PE ratio of 11.99, a P/E/G ratio of 1.94 and a beta of 0.05. The business's fifty day moving average is $57.43 and its two-hundred day moving average is $60.76. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly 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. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts anticipate that General Mills, Inc. will post 4.36 earnings per share 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.

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