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

AQR Capital Management LLC trimmed its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,242,784 shares of the company's stock after selling 37,738 shares during the period. AQR Capital Management LLC owned 0.23% of General Mills worth $79,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its position in shares of General Mills by 11.9% in the 4th quarter. Lido Advisors LLC now owns 41,022 shares of the company's stock worth $2,616,000 after buying an additional 4,354 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of 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 purchasing an additional 1,253,483 shares during the last quarter. Quarry LP purchased a new stake in shares of General Mills during the 4th quarter valued at $58,000. Coldstream Capital Management Inc. grew its stake in General Mills by 21.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,133 shares of the company's stock worth $965,000 after buying an additional 2,644 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in General Mills by 1.1% during the 4th quarter. Voya Investment Management LLC now owns 306,181 shares of the company's stock valued at $19,525,000 after buying an additional 3,440 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Stock Performance

NYSE:GIS traded down $0.16 during trading hours on Friday, reaching $55.42. The company had a trading volume of 3,512,083 shares, compared to its average volume of 4,414,826. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a 1-year low of $55.01 and a 1-year high of $75.90. The business's 50 day moving average price is $58.90 and its 200-day moving average price is $61.80. The firm has a market cap of $30.55 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations 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 in the previous year, the business posted $1.17 EPS. Research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on GIS. Mizuho lowered their price target on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Stifel Nicolaus lowered their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Citigroup cut their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. dropped 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills has an average rating of "Hold" and a consensus price target of $65.00.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The shares were 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 approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

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.