General Mills, Inc. (NYSE:GIS) Shares Sold by Tobam

Tobam trimmed its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 9.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,137 shares of the company's stock after selling 11,511 shares during the quarter. General Mills accounts for 2.9% of Tobam's holdings, making the stock its 4th largest holding. Tobam's holdings in General Mills were worth $6,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCW Group Inc. boosted its position 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 worth $1,471,000 after acquiring an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its position in shares of General Mills by 3.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after acquiring an additional 197 shares in the last quarter. Howard Capital Management Inc. boosted its position in shares of General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after acquiring an additional 198 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of General Mills by 5.2% during the 4th quarter. Bogart Wealth LLC now owns 4,055 shares of the company's stock worth $259,000 after acquiring an additional 201 shares in the last quarter. Finally, Fairscale Capital LLC boosted its position in shares of General Mills by 30.2% during the 4th quarter. Fairscale Capital LLC now owns 871 shares of the company's stock worth $56,000 after acquiring an additional 202 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

Shares of NYSE GIS traded down $1.24 during mid-day trading on Friday, hitting $53.50. 4,343,666 shares of the company were exchanged, compared to its average volume of 4,548,540. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $55.38 and a 200-day simple moving average of $59.25. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The firm has a market cap of $29.49 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the company earned $1.17 earnings per share. The company's revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GIS has been the subject of several analyst reports. Bank of America lowered their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Piper Sandler decreased their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company reduced their price objective on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $63.44.

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.