General Mills, Inc. (NYSE:GIS) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 800,970 shares of the company's stock after selling 461,473 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.15% of General Mills worth $51,079,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC grew its holdings in shares of General Mills by 6.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock worth $304,000 after acquiring an additional 268 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in General Mills by 11.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after acquiring an additional 85,612 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. Franklin Resources Inc. grew its position in shares of General Mills by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after purchasing an additional 46,536 shares during the last quarter. Finally, J2 Capital Management Inc acquired a new position in shares of General Mills during the 4th quarter worth approximately $547,000. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Stock Down 1.0 %

NYSE GIS traded down $0.56 during mid-day trading on Monday, reaching $54.87. 827,606 shares of the company's stock traded hands, compared to its average volume of 5,573,174. The company has a fifty day simple moving average of $58.90 and a 200-day simple moving average of $61.74. General Mills, Inc. has a 1-year low of $54.50 and a 1-year high of $75.90. The company has a market cap of $30.25 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.94 and a beta of 0.15. 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 (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GIS shares. Jefferies Financial Group raised their price target on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Barclays cut their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. UBS Group initiated coverage on General Mills in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 target price for the company. Finally, Morgan Stanley began coverage on shares of General Mills in a research note on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $65.00.

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.