168,833 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 168,833 shares of the company's stock, valued at approximately $10,699,000.

Several other large investors also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. acquired a new stake in shares of General Mills during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $32,000. Finally, Transce3nd LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GIS shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Citigroup decreased their target price 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. JPMorgan Chase & Co. decreased their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company cut their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley began coverage on shares of General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, General Mills currently has an average rating of "Hold" and an average target price of $64.69.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred 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 directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

General Mills Price Performance

General Mills stock traded up $0.74 during mid-day trading on Friday, reaching $55.14. The company had a trading volume of 3,904,014 shares, compared to its average volume of 4,498,314. General Mills, Inc. has a 1 year low of $52.93 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market capitalization of $30.39 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.94 and a beta of 0.05. The stock's 50-day simple moving average is $57.43 and its 200-day simple moving average is $60.76.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the company posted $1.17 earnings per share. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict 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.