Shufro Rose & Co. LLC Reduces Stock Position in General Mills, Inc. (NYSE:GIS)

Shufro Rose & Co. LLC lowered its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 26.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,600 shares of the company's stock after selling 7,365 shares during the period. Shufro Rose & Co. LLC's holdings in General Mills were worth $1,314,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Up 0.6%

Shares of GIS traded up $0.33 during trading hours on Friday, reaching $54.32. The stock had a trading volume of 1,860,657 shares, compared to its average volume of 5,432,526. The company has a market capitalization of $29.94 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.94 and a beta of 0.05. The firm has a 50-day simple moving average of $56.42 and a 200 day simple moving average of $60.05. 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 12 month low of $52.39 and a 12 month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GIS has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. 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. Morgan Stanley started coverage on shares of General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Stifel Nicolaus decreased their price target on shares of General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, Bank of America cut their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $64.69.

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.