General Mills, Inc. (NYSE:GIS) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,087 shares of the company's stock after selling 21,528 shares during the period. QRG Capital Management Inc. owned about 0.06% of General Mills worth $18,899,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GIS. Vanguard Group Inc. grew its stake in General Mills by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after acquiring an additional 1,868,508 shares during the last quarter. Geode Capital Management LLC raised its position in shares of General Mills by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company's stock worth $923,907,000 after purchasing an additional 136,895 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after buying an additional 2,341,137 shares in the last quarter. Northern Trust Corp grew its holdings in General Mills by 18.4% during the 4th quarter. Northern Trust Corp now owns 8,061,793 shares of the company's stock valued at $514,101,000 after buying an additional 1,253,483 shares during the last quarter. Finally, Norges Bank purchased a new position in General Mills during the fourth quarter worth $496,484,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on GIS. Barclays decreased 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 note on Tuesday, March 18th. Stifel Nicolaus decreased their target price 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. UBS Group lowered their target price on shares of General Mills from $54.00 to $52.00 and set a "sell" rating for the company in a research note on Friday, June 6th. 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 note on Monday, March 10th. Finally, Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, General Mills currently has a consensus rating of "Hold" and an average target price of $63.06.

General Mills Trading Down 0.1%

GIS traded down $0.05 on Monday, reaching $53.51. 3,921,716 shares of the company's stock were exchanged, compared to its average volume of 4,546,029. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.94 and a beta of 0.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a twelve month low of $52.39 and a twelve month high of $75.90. The company's 50 day moving average is $55.38 and its 200-day moving average is $59.20.

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