Jump Financial LLC Sells 56,538 Shares of General Mills, Inc. (NYSE:GIS)

Jump Financial LLC reduced its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 92.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,574 shares of the company's stock after selling 56,538 shares during the quarter. Jump Financial LLC's holdings in General Mills were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. bought a new position in General Mills during the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Mills in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills during the fourth quarter worth about $31,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills in the fourth quarter worth approximately $32,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of General Mills in the fourth quarter worth approximately $34,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the 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 transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GIS shares. Citigroup lowered their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their target price 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. UBS Group began coverage on shares of General Mills in a research report on Wednesday, April 23rd. They set a "sell" rating and a $54.00 price target on the stock. Jefferies Financial Group lifted their price objective on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Finally, Bank of America cut their target price on 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 research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.00.

General Mills Stock Down 0.4 %

GIS traded down $0.23 during mid-day trading on Friday, reaching $55.35. 957,529 shares of the stock were exchanged, compared to its average volume of 5,599,499. General Mills, Inc. has a 1 year low of $55.01 and a 1 year high of $75.90. 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 market capitalization of $30.51 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. The company has a 50 day moving average price of $59.02 and a two-hundred day moving average price of $61.98.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping 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 business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

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.