General Mills, Inc. (NYSE:GIS) Position Decreased by OLD National Bancorp IN

OLD National Bancorp IN cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 31.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 11,491 shares of the company's stock after selling 5,363 shares during the period. OLD National Bancorp IN's holdings in General Mills were worth $687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GIS. JPMorgan Chase & Co. boosted its holdings in General Mills by 105.2% in the third 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 during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of General Mills in the 4th quarter valued at approximately $873,000. Apollon Wealth Management LLC boosted its stake in shares of General Mills by 8.1% during the 4th quarter. Apollon Wealth Management LLC now owns 23,586 shares of the company's stock valued at $1,504,000 after buying an additional 1,761 shares during the last quarter. Moloney Securities Asset Management LLC grew its position in shares of General Mills by 5.3% during the fourth quarter. Moloney Securities Asset Management LLC now owns 9,249 shares of the company's stock worth $590,000 after buying an additional 462 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of General Mills by 79.5% in the fourth quarter. Empowered Funds LLC now owns 143,291 shares of the company's stock worth $9,138,000 after buying an additional 63,456 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GIS shares. JPMorgan Chase & Co. cut their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. UBS Group cut their price objective on General Mills from $54.00 to $52.00 and set a "sell" rating on the stock in a research note on Friday. The Goldman Sachs Group lowered General Mills from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $68.00 to $58.00 in a research report on Monday. 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. Finally, Stifel Nicolaus reduced their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, General Mills has an average rating of "Hold" and an average price target of $63.44.

General Mills Price Performance

GIS stock traded down $0.33 during trading on Tuesday, hitting $54.47. The company had a trading volume of 5,281,391 shares, compared to its average volume of 4,532,651. The business has a 50 day moving average of $55.76 and a 200 day moving average of $59.53. The firm has a market capitalization of $30.02 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.94 and a beta of 0.02. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90.

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 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business posted $1.17 EPS. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

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.