Shufro Rose & Co. LLC Has $1.31 Million Stake in General Mills, Inc. (NYSE:GIS)

Shufro Rose & Co. LLC trimmed its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,600 shares of the company's stock after selling 7,365 shares during the quarter. Shufro Rose & Co. LLC's holdings in General Mills were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its position in General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company's stock worth $120,691,000 after buying an additional 19,290 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after acquiring an additional 2,926,232 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of General Mills by 136.3% during the fourth quarter. Mutual Advisors LLC now owns 27,739 shares of the company's stock worth $1,641,000 after acquiring an additional 15,998 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock worth $425,000 after acquiring an additional 172 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in General Mills by 5.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,386 shares of the company's stock valued at $917,000 after purchasing an additional 706 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GIS. Morgan Stanley began coverage on General Mills in a research report on Monday, March 24th. They issued an "underweight" rating and a $53.00 target price on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Stifel Nicolaus cut 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. Barclays reduced 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. Finally, Citigroup decreased their target price on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $64.69.

General Mills Stock Performance

Shares of NYSE GIS traded down $0.77 during trading hours on Wednesday, hitting $53.36. 3,465,997 shares of the stock were exchanged, compared to its average volume of 4,526,550. General Mills, Inc. has a one year low of $52.39 and a one year high of $75.90. The company's 50 day moving average is $56.61 and its 200 day moving average is $60.17. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. 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.

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 analysts' consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during 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 business's revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. On average, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Insider Buying and Selling

In other General Mills 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 value of $739,635.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

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.