Nuveen Asset Management LLC Has $76.13 Million Stake in General Mills, Inc. (NYSE:GIS)

Nuveen Asset Management LLC reduced its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,193,861 shares of the company's stock after selling 1,073,856 shares during the period. Nuveen Asset Management LLC owned about 0.22% of General Mills worth $76,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp grew its stake in shares of General Mills by 20.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 23,687 shares of the company's stock valued at $1,511,000 after purchasing an additional 3,963 shares during the period. Measured Risk Portfolios Inc. acquired a new position in shares of General Mills during the fourth quarter worth approximately $1,738,000. Minot DeBlois Advisors LLC bought a new position in General Mills in the 4th quarter valued at $532,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in General Mills by 2.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,237 shares of the company's stock worth $8,046,000 after purchasing an additional 2,950 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of General Mills by 411.2% during the 4th quarter. Lazard Asset Management LLC now owns 229,334 shares of the company's stock worth $14,624,000 after buying an additional 184,472 shares during the period. Institutional investors own 75.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group started coverage on General Mills in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 price target for the company. Stifel Nicolaus decreased their price target on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Bank of America reduced their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Finally, Jefferies Financial Group upped their target price on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Two 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $64.69.

Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company's stock.

General Mills Price Performance

Shares of GIS traded down $0.05 during mid-day trading on Tuesday, reaching $54.78. The company had a trading volume of 5,662,163 shares, compared to its average volume of 4,510,496. General Mills, Inc. has a 1-year low of $52.93 and a 1-year high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The company 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's 50 day simple moving average is $57.33 and its 200 day simple moving average is $60.66.

General Mills (NYSE:GIS - Get Free Report) last released 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. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

About General Mills

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.