Public Employees Retirement Association of Colorado Decreases Stock Position in General Mills, Inc. (NYSE:GIS)

Public Employees Retirement Association of Colorado cut its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,009 shares of the company's stock after selling 5,156 shares during the period. Public Employees Retirement Association of Colorado's holdings in General Mills were worth $4,656,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in shares of General Mills during the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills during the 4th quarter valued at approximately $31,000. Transce3nd LLC purchased a new position in General Mills during the fourth quarter valued at $32,000. Finally, VSM Wealth Advisory LLC purchased a new position in General Mills during the fourth quarter valued at $32,000. 75.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

GIS has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Citigroup reduced their price objective on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Mizuho dropped their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Stifel Nicolaus dropped their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, UBS Group started coverage on shares of General Mills in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, General Mills has a consensus rating of "Hold" and an average price target of $65.00.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business'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 sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

General Mills Price Performance

GIS stock traded down $0.16 during trading on Friday, reaching $55.42. The company's stock had a trading volume of 3,512,083 shares, compared to its average volume of 4,410,944. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company's fifty day moving average is $58.90 and its 200-day moving average is $61.87. The company has a market capitalization of $30.55 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a 1 year low of $55.01 and a 1 year high of $75.90.

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 the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 earnings per share. On average, research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

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.