Public Employees Retirement System of Ohio Reduces Stock Holdings in General Mills, Inc. (NYSE:GIS)

Public Employees Retirement System of Ohio reduced its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,856 shares of the company's stock after selling 10,983 shares during the period. Public Employees Retirement System of Ohio's holdings in General Mills were worth $12,235,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. RFG Advisory LLC grew its position in General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock worth $425,000 after purchasing an additional 172 shares during the last quarter. TCW Group Inc. grew its holdings in shares of General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after buying an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC grew its stake in shares of General Mills by 3.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. grew its stake in shares of General Mills by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock valued at $250,000 after purchasing an additional 198 shares during the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of General Mills by 20.0% in the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock valued at $77,000 after purchasing an additional 200 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

General Mills Trading Down 1.4%

Shares of GIS traded down $0.77 on Wednesday, hitting $53.36. 3,465,997 shares of the stock traded hands, compared to its average volume of 4,526,550. General Mills, Inc. has a 1 year low of $52.39 and a 1 year high of $75.90. The firm has a market capitalization of $29.41 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.94 and a beta of 0.05. The stock's 50 day moving average is $56.61 and its two-hundred day moving average is $60.17. 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 released its 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. 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 the consensus estimate of $4.99 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Citigroup lowered their target price on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Mizuho lowered their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Jefferies Financial Group lifted their price objective on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 10th. Two investment 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $64.69.

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.