Nepsis Inc. Sells 2,109,150 Shares of General Mills, Inc. (NYSE:GIS)

Nepsis Inc. cut its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 97.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,245 shares of the company's stock after selling 2,109,150 shares during the quarter. General Mills accounts for 0.8% of Nepsis Inc.'s portfolio, making the stock its 27th largest position. Nepsis Inc.'s holdings in General Mills were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanibel Captiva Trust Company Inc. grew its position in General Mills by 9.7% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 19,824 shares of the company's stock worth $1,185,000 after purchasing an additional 1,756 shares in the last quarter. Simplicity Wealth LLC grew its position in General Mills by 44.4% during the first quarter. Simplicity Wealth LLC now owns 24,805 shares of the company's stock valued at $1,483,000 after purchasing an additional 7,627 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of General Mills by 12.2% in the first quarter. GAMMA Investing LLC now owns 19,597 shares of the company's stock worth $1,172,000 after acquiring an additional 2,127 shares during the last quarter. Signet Financial Management LLC increased its stake in shares of General Mills by 84.9% in the first quarter. Signet Financial Management LLC now owns 17,091 shares of the company's stock worth $1,022,000 after acquiring an additional 7,848 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of General Mills by 12.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 9,832 shares of the company's stock valued at $588,000 after buying an additional 1,068 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Down 0.4%

Shares of GIS traded down $0.20 during trading hours on Wednesday, hitting $54.30. 1,149,659 shares of the stock traded hands, compared to its average volume of 4,521,480. The business has a fifty day moving average of $55.63 and a 200-day moving average of $59.50. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $29.93 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. Analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of recent research reports. Citigroup decreased their price objective on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Wells Fargo & Company decreased their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Barclays cut their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Bank of America cut their target price on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, Jefferies Financial Group raised their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Two 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.com, the stock currently 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.