General Mills, Inc. (NYSE:GIS) Stock Holdings Trimmed by Man Group plc

Man Group plc cut its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 22.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,612 shares of the company's stock after selling 59,530 shares during the quarter. Man Group plc's holdings in General Mills were worth $13,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. RFG Advisory LLC raised its holdings 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 buying an additional 172 shares during the last quarter. TCW Group Inc. boosted its position in 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 during the period. Quadrant Private Wealth Management LLC grew its holdings 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 valued at $356,000 after acquiring an additional 197 shares in the last quarter. Howard Capital Management Inc. increased its position in General Mills by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after buying an additional 198 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its holdings in shares of General Mills by 20.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock worth $77,000 after buying an additional 200 shares during the period. Institutional investors own 75.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on GIS. 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 research report on Monday, March 10th. Barclays cut their price target on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, Wells Fargo & Company decreased their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $64.69.

Insider Activity at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

General Mills Price Performance

NYSE GIS traded down $0.05 during trading hours on Tuesday, reaching $54.78. The company's stock had a trading volume of 5,662,163 shares, compared to its average volume of 4,510,496. The company's 50-day moving average is $57.33 and its two-hundred day moving average is $60.66. General Mills, Inc. has a 1-year low of $52.93 and a 1-year high of $75.90. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 1.94 and a beta of 0.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

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 (EPS) 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 firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The business's revenue was down 5.1% on a year-over-year basis. On average, equities analysts predict that General Mills, Inc. will post 4.36 EPS 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.