General Mills, Inc. (NYSE:GIS) Shares Sold by Wedmont Private Capital

Wedmont Private Capital lessened its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 71.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,498 shares of the company's stock after selling 8,734 shares during the quarter. Wedmont Private Capital's holdings in General Mills were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIS. TCW Group Inc. raised its position in shares of General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company's stock valued at $1,471,000 after purchasing an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC boosted its stake in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after buying an additional 197 shares during the last quarter. Howard Capital Management Inc. grew its stake in shares of General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after purchasing an additional 198 shares during the period. Bogart Wealth LLC grew its position in General Mills by 5.2% during the fourth quarter. Bogart Wealth LLC now owns 4,055 shares of the company's stock valued at $259,000 after buying an additional 201 shares during the period. Finally, Fairscale Capital LLC grew its position in shares of General Mills by 30.2% during the 4th quarter. Fairscale Capital LLC now owns 871 shares of the company's stock valued at $56,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Trading Down 2.3%

NYSE GIS traded down $1.24 on Friday, reaching $53.50. 4,343,666 shares of the company were exchanged, compared to its average volume of 4,548,540. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business's fifty day moving average price is $55.38 and its 200 day moving average price is $59.25. The stock has a market capitalization of $29.49 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.02. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly 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 firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The company's revenue was down 5.1% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analyst Ratings Changes

GIS has been the subject of several research analyst reports. Bank of America reduced their target price on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus dropped 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. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Finally, Morgan Stanley began coverage on shares of General Mills in a research note on Monday, March 24th. They issued an "underweight" rating and a $53.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $63.44.

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.