Jefferies Financial Group Inc. Buys Shares of 54,487 General Mills, Inc. (NYSE:GIS)

Jefferies Financial Group Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,487 shares of the company's stock, valued at approximately $3,475,000.

Several other large investors also recently made changes to their positions in GIS. Barclays PLC increased its stake in shares of General Mills by 1.2% during the third quarter. Barclays PLC now owns 1,634,280 shares of the company's stock valued at $120,691,000 after acquiring an additional 19,290 shares during the period. JPMorgan Chase & Co. increased its stake in shares of General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the period. RFG Advisory LLC increased its stake in shares of General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after acquiring an additional 172 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of General Mills by 5.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,386 shares of the company's stock valued at $917,000 after acquiring an additional 706 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of General Mills by 6.7% during the fourth quarter. Fifth Third Bancorp now owns 56,352 shares of the company's stock valued at $3,594,000 after acquiring an additional 3,531 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GIS. Piper Sandler lowered their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Mizuho lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley initiated coverage on shares of General Mills in a research note on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective on the stock. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, General Mills presently has an average rating of "Hold" and an average price target of $64.69.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at $22,967,490. This trade represents a 3.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company's stock.

General Mills Trading Up 0.4%

General Mills stock traded up $0.20 during midday trading on Friday, reaching $54.19. The stock had a trading volume of 8,115,716 shares, compared to its average volume of 4,520,667. The firm's fifty day simple moving average is $56.35 and its two-hundred day simple moving average is $59.95. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market cap of $29.87 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.17 EPS. The company's revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate 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.