General Mills, Inc. (NYSE:GIS) Shares Sold by Unigestion Holding SA

Unigestion Holding SA decreased its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 88.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,022 shares of the company's stock after selling 127,260 shares during the quarter. Unigestion Holding SA's holdings in General Mills were worth $958,000 as of its most recent SEC filing.

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

General Mills Stock Down 0.2%

Shares of General Mills stock traded down $0.13 on Thursday, hitting $54.48. The company had a trading volume of 3,709,713 shares, compared to its average volume of 4,518,379. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a 50 day moving average of $56.05 and a 200-day moving average of $59.78. General Mills, Inc. has a 1 year low of $52.39 and a 1 year high of $75.90. The stock has a market capitalization of $30.03 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the prior year, the company posted $1.17 EPS. General Mills's revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. Piper Sandler lowered their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $70.00 target price on shares of General Mills in a report on Monday, March 17th. Barclays lowered their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. UBS Group assumed coverage on shares of General Mills in a research report on Wednesday, April 23rd. They set a "sell" rating and a $54.00 target price on the stock. Finally, Bank of America lowered their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note 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 stock. According to MarketBeat.com, the stock presently has an average 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.