General Mills, Inc. (NYSE:GIS) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,036 shares of the company's stock after selling 6,425 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in General Mills were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ieq Capital LLC lifted its stake in General Mills by 5.1% in the fourth quarter. Ieq Capital LLC now owns 33,940 shares of the company's stock worth $2,164,000 after acquiring an additional 1,641 shares during the period. TCW Group Inc. grew its stake in shares of General Mills by 0.8% during the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company's stock valued at $1,471,000 after purchasing an additional 194 shares during the period. Wealthspire Advisors LLC lifted its position in shares of General Mills by 6.5% during the 4th quarter. Wealthspire Advisors LLC now owns 14,837 shares of the company's stock valued at $946,000 after buying an additional 910 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in General Mills by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after purchasing an additional 198 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of General Mills by 9.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 271,877 shares of the company's stock valued at $17,338,000 after purchasing an additional 22,900 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Stock Down 0.2%

NYSE:GIS traded down $0.09 on Tuesday, reaching $53.38. 6,889,818 shares of the stock traded hands, compared to its average volume of 4,588,433. The company's fifty day simple moving average is $54.73 and its 200 day simple moving average is $58.63. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.26 and a beta of 0.02. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group cut General Mills from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Piper Sandler cut their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Bank of America lowered their target price on General Mills from $68.00 to $63.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research report on Monday, March 17th. Finally, Morgan Stanley cut their target price on General Mills from $53.00 to $51.00 and set an "underweight" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $62.63.

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.