Mackenzie Financial Corp Raises Stock Holdings in General Mills, Inc. (NYSE:GIS)

Mackenzie Financial Corp raised its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 479,939 shares of the company's stock after buying an additional 22,668 shares during the period. Mackenzie Financial Corp owned about 0.09% of General Mills worth $30,606,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of General Mills by 1.2% during the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company's stock valued at $120,691,000 after purchasing an additional 19,290 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. RFG Advisory LLC boosted its position in shares of General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after purchasing an additional 172 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of General Mills by 5.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,386 shares of the company's stock valued at $917,000 after purchasing an additional 706 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in General Mills by 6.7% in the fourth quarter. Fifth Third Bancorp now owns 56,352 shares of the company's stock worth $3,594,000 after acquiring an additional 3,531 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Insider Buying and Selling

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on GIS shares. Jefferies Financial Group increased 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. Barclays cut their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. UBS Group initiated coverage on General Mills in a report on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 price target on the stock. Piper Sandler dropped their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Finally, Morgan Stanley initiated coverage on General Mills in a report on Monday, March 24th. They issued an "underweight" rating and a $53.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, General Mills currently has an average rating of "Hold" and a consensus target price of $64.69.

General Mills Stock Performance

General Mills stock traded up $0.61 during mid-day trading on Thursday, reaching $53.98. 3,171,413 shares of the company's stock were exchanged, compared to its average volume of 4,521,152. The business's fifty day simple moving average is $56.50 and its 200 day simple moving average is $60.12. The firm has a market capitalization of $29.76 billion, a PE ratio of 11.73, a P/E/G ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a one year low of $52.39 and a one year high of $75.90. 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 announced its quarterly earnings data 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm posted $1.17 EPS. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts expect 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.